I got my first Obama tax cut check guess what?
FACTS ARE IN I DID THE MATH.
My bi-weekly federal withholding LAST PAYDAY 246.54 THIS PAYDAY 215.77
Extra on my bi-weekly paycheck + $ 30.77 or 61.54 a Month
BUT I just got a letter that my Escrow is increasing $117 a month beginning April 1st due to property tax increases.
MY NET LOSS each month $55.46. Thats Right, this middle class well below 250K worker, in fact below 100K, WILL BE PAYING MORE TAXES.
I got that beat. My husband’s company waited until after the stimulus was passed to tell everyone they were getting a 5% salary cut. Net loss after the stimulus? $400 a month.
Based on the direction of current real estate values I would ask for a reassessment.