There’s all sorts of discussion in Washington about the payroll tax cut, which expires on December 31. If the tax break ends, it would cost the typical family about $1,000 per year — or $40 per paycheck.
We don’t want to get into the conversation about whether this is good or bad… but, love the campaign the White House has launched to stir up some consumer interest in the topic.
The White House is asking consumers to share what $40 means to them. Naturally, we want to chime in about what investing $40 every other week could be worth over the long run.
Payroll tax or not — can you find another $40 per paycheck to invest? You’re future self will appreciate it.