Social Security tax restoration will hurt restaurants

The restoration of the full Social Security deduction will impact a major tenant class — restaurant operators.

Nation’s Restaurant News, an industry publication, says every restaurant will be affected as consumers pull back spending in light of the return to full Social Security deductions.

President Barak Obama signed the American Taxpayer Relief Act on New Year’s Day. The act permanently extended most income tax rates signed into law by his predecessor, but did not extend a temporary recession-era…

E-Mail Newsroom


Comments

Post new comment

  • Web page addresses and e-mail addresses turn into links automatically.
  • HTML tags will be transformed to conform to HTML standards.

More information about formatting options

CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.