Wednesday, December 26, 2012

not as quiet as you might think

Downtown Minneapolis, usually bustling on a Wednesday, is pretty darn quiet today.  That's what happens when Christmas falls on a Tuesday.  Nobody wants to go back to work the next day, and people find a way to use vacation days.

Not me, though.  Here I am, working, and this is never a slow week for me.  It's the last week of the year, and this is a big last-minute tax-planning time for clients.  What makes this year particularly difficult is that we don't know what rules we are playing by, thanks to a do-nothing Congress, and the best advice we can offer has a lot to do with guesswork.

One thing that will get people's attention next month (meaning next week), if they get a paycheck, barring some breakthrough among legislators, is that the payroll-tax reduction has not been renewed, and folks will find 2% less in their net pay.  I wonder how loud people will squawk.

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