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?

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.

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.