Social Security
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Anonymous
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From 2012 to 2013 SS took around $150 more per month year over year?
Were there any changes this year? What can I expect? |
Anonymous
| You can expect to never see that money again! |
Anonymous
| Social security taxes go up every year. |
Anonymous
| Expect to see taxes go up and to see most of it some day, but put lots of $$ in your own retirement funds because the cost of living will outpace it by a mile. |
Anonymous
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In 2011 and 2012 there was a 2 percentage point reduction in the amount of social security taken out of workers' paychecks as a result of the economic stimulus package, so 4.2 percent was withheld from your paycheck instead of 6.2 percent. That expired in 2013 and withholding went back up to 6.2 percent of your paycheck.
Other than the two year temporary reduction in 2011 and 2012, social security withholding from workers' paychecks has been steady at 6.2 percent since 1990. Whoever wrote that you can expect it to go up every year was wrong. |
Anonymous
Well, the income subject to it goes up. Not the rate (the expiration of the two-year payroll tax holiday not withstanding). |