By the Numbers: $1,500
President Obama’s proposed payroll tax cut would put an extra $1,500 in the pockets of the typical American family that makes $50,000 a year.
But if Congress doesn’t act soon, the same family could see their taxes go up by $1,000.
The President was in Scranton, Pennsylvania today urging Congress to take action and extend the payroll tax cut. More than 6 million people in the state would see their taxes go up if they don’t.
Want to find out how you would be affected by President Obama’s payroll tax cut—or how much more you’ll pay if Congress doesn’t act? Check out our Payroll Tax Cut Calculator.