IRS to Implement New 2% 'Recapture Tax' in Two-Month Payroll Tax Cut Extension

TaxProf Blog: IRS to Implement New 2% 'Recapture Tax' in Two-Month Payroll Tax Cut Extension
This provision imposes an additional income tax on these higher-income employees in an amount equal to 2% of the amount of wages they receive during the two-month period in excess of $18,350 (and not greater than $110,100).