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Money and Finances
Reply to "And Your First Paycheck of the Year is....."
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[quote=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.[/quote]
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