Posted on 01/04/2013 8:40:47 AM PST by MeneMeneTekelUpharsin
Our supervisor just notified us that the accountant will be placing a 2% increase in payroll tax on our checks per the "Fiscal Cliff" bill. They lied to the American people and taxed everyone more. Where's the media on this? Liars, liars, liars, liars, liars. Oh, so what! The people who voted that party into office doesn't pay taxes anyway.
Warren Buffet says he’d be happy to pay a little more payroll tax, if he received a paycheck.
Did you correct your supervisor and tell them the increase had nothing to do with the “Fiscal Cliff” bill?
Just saw my statement for my next paycheck and Will be taking about $175 hit per month...
Just saw my statement for my next paycheck and will be taking about $175 hit per month...
We got the notice in late November or early December. It had several variations and what they would likely mean.
This needed to happen and was a stupid Obama idea from the beginning to make people “feel” like he was doing something for them.
Taking money away from Soc. Sec. only makes it bankrupt faster.
That goes without saying that I’d be ok if they stopped Soc. Sec. withholding completely and got rid of the thing...
Me, the sent out an e-mail last evening to all employees. Kinda surprised they did as they typically try to bury bad news....
so, you make over 100K per year and are part of the evil rich that must pay for the rest of us poor slobs. Suck it up!!(sarc)
If you have twitter follow this line, very funny:
#WhyIsMyPaycheckLessThisWeek
That notification came just shortly after the notice that our health insurance premiums were going to rise by 38% this year...
I calculated our new taxes with the online charts and we’re looking at a 62% increase. Helloo, we’re this [] much over the poverty line as it is so every dime is precious.
This tax is really the SS payroll tax they cut a year or so ago. It was for 1 or two years. It lowered the amount of SS taxes collected from every paycheck, which should’ve been objected to, since SS is supposed to ‘be there’ for you when you retire...as a little something extra to help with your personal IRAs. So, it basically expired and now everybody is paying the whole amount into SS once again. It is not really a new tax, just reinstatement of the original one. Obama wanted to make everybody THINK he was saving them money, when in fact, he was lessening the amount you’ll have saved overall. Good thing it was temporary. IF they actually FIX the program, where you could opt out of SS and plan your own retirement annuity, you could actually save a lot more. But, from a retiree’s perspective (meaning I am one) it is not enough to live on, regardless of how much they take out because they use it for everything (almost), except what it is intended for.
Exactly —
If they wanted to do what is right they should have taken the money out of the Federal Employees pension fund.
My daughter just posted on FB - “Just saw my pay stub for my next check. There is officially no incentive for hard-working Americans anymore.”
She’s only 26. And she voted for Romney.
not in Texas, dude. Texas got there own special tax collection thing going on. That 2% goes to the Mexicans, to help build a fence and an 8-lane NAFTA highway, so your supervisor is really not reading his updates.
Maybe you are actually earning $450,000 per year, but you don’t recognize it because you have then taking out a lot of deductions for your 401K, Savings Bonds, etc.
:)
The “Payroll Tax” is related to the FICA (Social Security) with-holding drop that was put into effect a while ago, they were underwitholding the SS amount by 2% on the employee side and have been for years now...
Basically the fiscall cliff nonsense didn’t extend this reduction, it expired at the end of 2012.
Whether you agree or not with SS playing around with an underfunded program already I never found to be the wisest move.
If the fiscal cliff “compromise” hadn’t happened, those paying taxes on the lowest end would have seen their income taxes rise 50%, as the lowest tax bracket of 10% would have joined with the next higher up at 15%.
So yes, everyone will see their ss witholding take another 2% of their paycheck, until they reach the maximum earning threshold (if they earn over it) and be back to its standard witholding rate.
#WhyIsMyPaycheckLessThisWeek
https://twitter.com/search?q=%23WhyIsMyPaycheckLessThisWeek&src=hash
Some funny stuff including a few desperate liberals.
You’re just now hearing about this?
This has been in the news for months, but the sheeple have paid no attention to it.
TERRY SAVAGE: How the deal affects you
BY TERRY SAVAGE December 31, 2012 10:20PM
‘Fiscal cliff’ vote: What it means to you
Updated: January 1, 2013 11:24AM
So, what’s the immediate impact on you, if the Senate deal passes the House on Tuesday?
† Payroll taxes: For sure, and for everyone, the payroll tax will return to 6.2 percent from 4.2 percent where it has been since 2010 — costing the average worker about $1,000 a year...
http://www.suntimes.com/business/savage/17324889-452/terry-savage-how-the-deal-affects-you.html
A few 2011 stories:
http://www.heritage.org/research/reports/2011/09/extending-payroll-tax-holiday-wont-create-jobs
http://www.cbpp.org/files/9-7-11tax.pdf
http://www.pbs.org/newshour/rundown/2011/12/patchwork-nation-payroll-tax.html
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