Senate and House GOP playing good cop/bad cop to block unemployment and payroll tax cut extension?

[Anonymous]

OP again. Or is it $40 a month? $500 a year? That bogles the mind.

[Anonymous]

I heard that the average was $1000 a year.

[Anonymous]

The republicans have made it pretty clear over the years that the low income earners should pay more taxes. I guess this is their way of doing it.

[Anonymous]

I think it's fascinating that Obama actually outfoxed the Rs on taxes and that Newt Gingrich is evidently still Speaker of the House.

[Anonymous]

Anonymous wrote:OP here. So I was getting into my car yesterday evening and turned on NPR in the middle of a segment on the payroll tax issue and they were quoting these people saying something like "$40 is nothing to some people but it is a huge amount of money to me. It's the gas that gets me to work that week. It's x number of meals. Take $40 away from me and you would just about put me under."

Apart from the gut churning feeling of knowing there are millions of people living in panic at the thought of losing $40 (a week?), I didn't hear the beginning and I was wondering where that $40 figure came from? Anybody know?

The cut is worth 2 percent of your salary, up to about $110,000.

So, 40 bucks a month is about $1,000 a year, which is the savings to someone earnign $50,000.

[takoma]

Anonymous wrote:The cut is worth 2 percent of your salary, up to about $110,000.

So, 40 bucks a month is about $1,000 a year, which is the savings to someone earnign $50,000.

If you are paying the maximum, then 2% is about $40 per week. Perhaps that's where the $40 figure comes from.

[jsteele]

takoma wrote:

Anonymous wrote:The cut is worth 2 percent of your salary, up to about $110,000.

So, 40 bucks a month is about $1,000 a year, which is the savings to someone earnign $50,000.

If you are paying the maximum, then 2% is about $40 per week. Perhaps that's where the $40 figure comes from.

Most people get paid every two weeks. It's 40 dollars per paycheck. 52 weeks in a year equals 26 paychecks. $40 x 26 = $1040.