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The 2013 Rate Increases and Deferred Compensation

By Farrell Fritz P.C. on November 4, 2013
Posted in Federal Tax Issues

For many executives, the 2013 tax year began with an increase in the marginal federal income tax rate applicable to their compensation, from 35% to 39.6%.  It also saw the expiration of the temporary payroll reduction for the employee’s share of OASDI, which consequently increased from 4.2% to 6.2%, plus an additional 0.9% increase…

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