Survey Says Published in March 2011
Have You Made a FICA-Inspired Participation Push?
That tax compromise bill signed into law as 2010 drew to a close means that everyone who pays into Social Security will see those FICA withholdings reduced (the Tax Extension Bill provides a Social Security "tax holiday" by decreasing the current payroll tax rate from 6.2% to 4.2% for one year). In early January, I asked online readers if they had made or were planning to make any kind of special enrollment/participation "push" related to the FICA withholding changes—and how that had been received.
Bells & Whistles – March 2011