Earlier this month, Fred Wilpon was bullish on the state of the team’s finances, and said payroll should be able to climb to pre-Madoff heights.
Spring training is all about optimism, and Mets owner Fred Wilpon delivered a large dose of it Wednesday in Port St. Lucie.
New Jersey’s bill would stop automatic payroll deductions of union dues from public employees’ paychecks. Assembly Speaker Sheila Oliver says the legislation is “dead on arrival” in the lower house.
The project manager who developed New York City’s troubled CityTime payroll system has been arrested on charges that he received at least $5 million in kickbacks for his work.
The tax package signed by President Obama in December includes a two-percent cut in payroll taxes. This reduction means the average American will get an extra $1,000 in take-home pay in 2011.
New York was hit with an $18 million luxury tax by MLB on Tuesday. The tax was New York’s lowest since 2003 and down from $25.7 million last year, when the Yankees won the World Series.
Under the compromise proposal cutting back Social Security payroll taxes, workers would pay a 4.2 percent tax rate instead of 6.2 percent – a $120 billion tax cut for workers, starting on Jan. 1.
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