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Effect of payrol tax increase on R.E.

Started by Riversider
over 13 years ago
Posts: 13573
Member since: Apr 2009
Discussion about
The expiry of a 2 percentage point reduction in the payroll tax – which, unlike the top rates of income tax, is in fact paid by the middle class. $95 billion dollar hit from 2012-2013 http://www.ft.com/intl/cms/s/0/7d66f674-5419-11e2-9d25-00144feab49a.html#axzz2Gl5LxG2z
Response by huntersburg
over 13 years ago
Posts: 11329
Member since: Nov 2010

>payrol
>expiry
>00144feab49a
>axzz2Gl5LxG2z

??

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Response by rrwolfpack
over 13 years ago
Posts: 4
Member since: Dec 2012

Good article Riversider. I think the tax holiday ending will have more of an effect on consumer spending than real estate in the early goings. People will adjust accordingly to the 2% tax increase but it should not harm markets.

Government spending cuts are on a 2 month delay and to me that uncertainty would throw a monkey wrench at the real estate market before the tax holiday expiring.

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Response by greensdale
about 13 years ago
Posts: 3804
Member since: Sep 2012

It slammed WalMart, but there is no WalMart in NYC. WalMart is on Columbia County.

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