More on the fiscal cliff deal: The payroll tax cut is allowed to lapse, meaning that the...

|By:, SA News Editor

More on the fiscal cliff deal: The payroll tax cut is allowed to lapse, meaning that the employee portion of the Social Security tax will return to 6.2% from 4.2%. That will cost Americans an estimated $125B a year. The WSJ lays out some of the other tax measures that were known prior to the passage of the bill.