Have you noticed the payroll tax cut yet?

After a report that just 1 in 10 people realized they got a tax cut last year, we’re wondering how many people will notice the new payroll tax cut this year? The Boston Globe asked a few Bostonians.

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  • bcbn

    This Time article on how the Obama Administration is applying behavioral economics indicates that the intention is for that people are less likely to notice it. When they do notice a big chunk of money, they’re more likely to save then spend. See page 2: http://www.time.com/time/magazine/article/0,9171,1889153-2,00.html