The 9.9% ceiling on the large-deposit tax means that small savers also had to take a hit.

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Additionally, the IRS is waiving the failure-to-deposit penalties for employment and excise tax deposits due on or after April 22 and on or before May 9, 2011, as long as the deposits were made by May 9, 2011.

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Additionally, the IRS is waiving the failure-to-deposit penalties for employment and excise tax deposits due on or after May 3 and on or before May 18, 2011, as long as the deposits were made by May 18, 2011.

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Additionally, the IRS is waiving the failure-to-deposit penalties for employment and excise tax deposits due on or after April 27 and on or before May 12, 2011, as long as the deposits were made by May 12, 2011.

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The IRS is waiving failure-to-deposit penalties for federal payroll and excise tax deposits normally due on or after May 18 through June 3 so long as the deposits are made by June 3, 2013.

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The IMF has indicated that it is likely to join the bailout, but that its involvement will depend on its own assessment of the country's debt sustainability once the proceeds from the deposit tax have been assessed.

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Some tax-policy specialists contend the provision artificially favors income in insurance policies over things like interest on bank certificates of deposit.

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