How I Learned to Stop Worrying and Love the Payroll Tax Cut

I pretty much have always blamed our politicians for the dysfunctional, unreliable and incomprehensible tax system that we have. But maybe we just get the politicians we deserve.

Our politicians in Washington have agreed to extend the so-called payroll tax cut. So, now they are running around getting ready to go on yet another vacation and arguing about who caved and who folded. And who cares?!

We should all be happy. Crisis averted! Congress saved the day. Hey, we the people are getting free money. Even though I think we are all smart enough to know that nothing is free.

The extension of the payroll tax cut will, as I predicted, not be paid for,...

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View TaxAnalysts'® Chris Bergin's opinion in its entirety on TAX.com.

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