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.
You mean the 44% payroll tax increase?
Don't just listen, bring some salt for their wounds. After all, they must be rich because that's who Obama raised taxes on.
Just wondering if it is warm under the rock where you have been living. It clearly doesnt get newspapers or cable.
The 2% FICA deduction expired. It really wasnt part of the fiscal cliff. It was completely different and had been set to expire long ago.
I always thought it was stupid to reduce payroll taxes that support Social Security, which is gasping for every dollar it can get.
THAT alone, is an indication of how stupid our government is.
@michellemalkin Q: “Why is my nose bleeding?” A: “You just punched yourself in the face.” #IVotedForObama
If “0” had wanted to continue the SS tax holiday (and I’ve seen no evidence he did), he needed to come up with some entitlement reforms to offset the “cost”.
If only it were only 2%. The increase from 4.2% to 6.2% is more than 32%.
Obamabots who have received a paycheck this week have been howling mad about smaller paychecks...we have been using a great response that was posted here a while ago...”Your taxes went up? Guess you weren’t paying your fair share.”
IMHO, the payroll tax holiday was the WORST place to cut taxes,
so, of course, that’s where zero cut taxes.
I don’t know if I’ve got all this right, so maybe someone can help me out.
The payroll tax goes into the general fund, there is no separate Social Security Trust Fund, that’s a fiction.
Consumers got a temporary stimulus from lowered withholding but still owe the same in taxes.
Most Americans live paycheck to paycheck and spend whatever comes in. The stimulus is over and now they will have 2% less to spend, which will impact the economy as 2% more money has just been removed from the economy (rightfully so).
When tax retrun time comes, people will see a smaller return due to less money having been withheld from their taxes last year.
Do I have any of this wrong? Thanks.
Voters in Albuqerque, NM voted to raise Albuquerque minimum wage by $1.00/hour starting January 1. It's now $8.50/hour. Went to a food joint on the 31st of December, all the prices were up accordingly to compensate for this.
This 2% SS tax cut was passed because you can’t give a income tax cut to those that don’t pay income tax anyway.
But..but...but...
According to every liberal I know, SS is fully funded and solvent til 2024....
Shame more of them don’t have jobs so they could see for themselves....
I agree, and the blow to social security was much worse than the mere 2% reported by the brainfart media.
I was notified on the 2nd, but at least my company prefaced it with a bonus I was due on the 1st of the year that was coming to me and I was already aware of before lowering the boom......
It’s [almost as if] he wanted SS to go bankrupt sooner.
Nah. Just felt like posting it. Actually, I'm very self-disciplined, which actually does have to do with the comment you made. Think about it and one of these days you'll get it.
Aww come on now everyone. At least we have this: Our fearless leader gets to have a very nice vacation. We should all feel good.
Only if they reduced the benefit the federal retirees at the same time — since taxpayers are on the hook for those benefits.
Not many happy campers at twitter. I bet they will think twice next time.
Sorry, but I get it now. The 2% SSI tax reduction was a dumb idea when conceived and implemented and I, for one, am personally glad it’s gone.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.