And Your First Paycheck of the Year is.....

[Anonymous]

Don't forget -- preferential tax treatment for yachts is also still in play!

[Anonymous]

I think everyone gets that it was a payroll tax holiday and was never intended to last forever. But after two years, the lower rate and increased paycheck has become normal, and taking it away is experienced as a tax increase. Unless one had diverted the extra income into a savings account or something from the beginning so as not to (which would have been contrary to the purpose of doing it to begin with), it was something they got used to having. Personally, I would rather never have had the extra income at all than to take a pay cut. We don't go out to eat, so it's not a trivial amount of income for us ... we are just barely getting by as it is.

[Anonymous]

$145.70 per month

[Anonymous]

I am sorry that it is wiping out raises for some people. Feds on the other hand are looking at their third year without a pay raise to address cost of living increases.

[Anonymous]

Anonymous wrote:I am sorry that it is wiping out raises for some people. Feds on the other hand are looking at their third year without a pay raise to address cost of living increases.

Yes, but you also get some student loan forgiveness, metro costs paid, technical books for free, some agencies have their own version of living social, and I could go on and on. Plus, the govenment has to be about the only place where people can come to "work" do absolutely nothing all day and don't have to worry about their job being in jeopardy. Geez

[Anonymous]

Anonymous wrote:

Anonymous wrote:I am sorry that it is wiping out raises for some people. Feds on the other hand are looking at their third year without a pay raise to address cost of living increases.

Yes, but you also get some student loan forgiveness, metro costs paid, technical books for free, some agencies have their own version of living social, and I could go on and on. Plus, the govenment has to be about the only place where people can come to "work" do absolutely nothing all day and don't have to worry about their job being in jeopardy. Geez

+1000

[Anonymous]

So if you're so desperately missing that 2% -- who do you blame for "taking it away"?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Calculate it weekly and it's much easier to stomach. Most of us can stomach a $30 increase. Pack your lunch a couple times a week or cook dinner at home one additional night a week. Done.

I posted this article today on FB - I was just trying to be helpful. http://www.thebudgetdiet.com/cut-your-spending-by-400-a-month

Seriously, there are ways to cut your budget, but people prefer to bitch and whine. I need to practice what I preach on the budget cutting side (as in buckle down and actually do some of the stuff in this article), but I'm not going to sit here and feel sorry for myself when I know that this is just the way it is. I prefer people not go hungry or get sick just so I can eat out more than I should. It really is a very simple change in perspective.

Anyone else see the irony in this approach?

[Anonymous]

Anonymous wrote:

Anonymous wrote:I am sorry that it is wiping out raises for some people. Feds on the other hand are looking at their third year without a pay raise to address cost of living increases.

Yes, but you also get some student loan forgiveness, metro costs paid, technical books for free, some agencies have their own version of living social, and I could go on and on. Plus, the govenment has to be about the only place where people can come to "work" do absolutely nothing all day and don't have to worry about their job being in jeopardy. Geez

Word Up.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I am sorry that it is wiping out raises for some people. Feds on the other hand are looking at their third year without a pay raise to address cost of living increases.

Yes, but you also get some student loan forgiveness, metro costs paid, technical books for free, some agencies have their own version of living social, and I could go on and on. Plus, the govenment has to be about the only place where people can come to "work" do absolutely nothing all day and don't have to worry about their job being in jeopardy. Geez

Word Up.

Seriously!

[Anonymous]

$475/month ughhh. Axe those stupid payroll programs I am not going to use them.

[Anonymous]

Anonymous wrote:Enter your net, and you will get a breakdown of your new tax burden. Ours is increasing by $333 a month, goes down to $274 at month 7...oh yippeee

http://www.kiplinger.com/tools/Social_Security_payroll_tax_increase_calculator/index.php

So you have two earners and gross about $180,000? Cry me a river.

[Anonymous]

My bi-weekly check was only $18 less but a few things contributed to that. My taxes went up $69 but I moved my son to DH's insurance so I am saving about $50 in insurance premiums per paycheck. DH was down about $150. So our taxes have increased by about $440/mo. Ugh, ouch.

[Anonymous]

Anonymous wrote:$475/month ughhh. Axe those stupid payroll programs I am not going to use them.

You are very rich then.

[Anonymous]

Anonymous wrote:

Anonymous wrote:$475/month ughhh. Axe those stupid payroll programs I am not going to use them.

You are very rich then.

The max increase for a dual earning household from the 2% FICA increase is $366.67/ month.