Payroll Tax Changes Affect the Way Americans Spend and Save

Tax Refunds

On January 1, 2013, the American Taxpayer Relief Act put more money back in taxpayers’ pockets with the permanent passage of many tax breaks.  The payroll tax holiday, a temporary tax break to help stimulate the economy, however was not extended on January 1, 2013.  Our infographic looks at how the expiration of the payroll tax holiday impacts spending habits and how individuals use their tax refunds.

Infographic by Column Five Media

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s