What Will Your Paycheck be in 2014

Townhall.com ^ | January 2, 2014 | Political Calculations

[MeganC]

Q: What Will Your Paycheck be in 2014?

A: Smaller.

[Graybeard58]

If it weren’t for “witholdings” (probably spelled that wrong), How many people would send in a check to the feds yearly or even monthly?

Yet people who have never had to pay an ins premium in the past are going to send in that obamacare premium every month?

[Kaslin]

Most likely

[henkster]

I have my own business, and pay estimated taxes quarterly. Fortunately, I “self withhold” on all income to pay those taxes. When I opened my business, a colleague told me that if all Americans had to pay taxes the same way, we would never have allowed our government to grow to the size it has. I agree with that statement.

[gattaca]

bfl

[Kaslin]

Yeah you did. It’s withholding as in with-holding

[cherry]

my dtr just changed jobs...she’ll have no health insurance....I’m scared about this and warned about the obamacare insanity.....hope she can figure something out...

[unixfox]

If all small businesses decided NOT to send in those quarterly payments we would have them by the balls!

Starve the friggin bastards I say!

[AU72]

Never take a refund. That’s giving the gubmit a free loan of your money. Better is to withhold 90% of what your tax will be. That’s taking a free loan from the gubmit.

[headstamp 2]

“I have my own business, and pay estimated taxes quarterly. Fortunately, I “self withhold” on all income to pay those taxes. When I opened my business, a colleague told me that if all Americans had to pay taxes the same way, we would never have allowed our government to grow to the size it has. I agree with that statement.”

Yep, make everybody cut a check quarterly or yearly for a few grand and you would hear the hollering.

Withholding is out of sight out of mind. And that’s just the way the IRS likes it.

[4Liberty]

[al_c]

I just hope to have one.

[Phillyred]

Absolutely agree! Everyone should have to write out that painful check every year. If we could get that into law, I guarantee a great fewer democrats would be elected and the tax system would be immediately overhauled.

[lurk]

The same that it’s been for the last 5 years. Thankfully the kids are moving out one at a time, and each one leaving takes off a burden of about $250 per month.

[LostInBayport]

How many people would send in a check to the feds yearly or even monthly?

I read a comment to this effect here on FR long ago (and promptly stole it for my own use). "If I could pass two laws, I would do the following: abolish tax withholding, causing everyone to send quarterly checks to the IRS - and move election day to April 16th".

[Graybeard58]

I dumped firefox and went back to i.e., when I did, I lost spell check. When I typed “witholding”, I knew it didn’t look right.

[Slyfox]

[Kaslin]

I.E has become totally useless for me

[chuckles]

Health care will be everything this year. I worked 30 years and retired from ATT with paid for Cadillac insurance for life. We always took less for wages to keep our benefits as good as possible and as low as possible. When I retired, I paid ZERO for healthcare, but figured the price would rise as the years went on. Sure enough, a couple of years ago we had to pay $50 a month. Last year it rose to $350 a month. For a retiree, that's like a car payment with no car. Now I find out that later this year, an 8k filed with JP Morgan states that ATT will drop retiree insurance later this year. The company hasn't said anything and the union is sure not bragging about it. I think, they think, Obama will come through for them before it happens. The problem with that is the business plan from ATT in in stone right now. I suppose under a fascist regime, he could order ATT to keep paying for my insurance, but I think things will be changing by the election this year.

I don't really make any money,(SS+ withdrawals from IRA), so I'm not worried about taxes and such, but If I have to pay $500 a month or more to carry insurance, my life is pretty much over. I don't think most financial planners plan for this size of inflation. My health is bad, but not bad enough for disability. I will have to wait a couple more years for my wife to draw SS. WalMart is always hiring, but I don't think I can stand that long. I would be in fair shape without ObamaCare interference. I thought I would have to face mega inflation for this year, but with ObamaCare taking hundreds of billions out of the economy, probably not so much this year. Obamacare will act like a large tax increase on the economy. Many are predicting 3% GDP increase this year,......really? I don't think anyone understands just how bad this will be with 100million out of insurance. How many will be ABLE to pay 50% more for insurance? Homes will be lost again, cars gone, debt through the roof.

When you are looking at retirees making maybe $25,000-36,000 a year, they can't afford this kind of dislocation. Maybe $50 a month or so, but many are talking about doubles and triples.

I'm a cancer survivor with high BP and diabetes and cannot do without insurance for one day. This interference with my life could put me and the wife under a bridge. We will quickly move from the middle class to the ghetto class overnight.

Maybe if I win the Lotto.