Anonymous
Post 01/11/2013 10:49     Subject: Whoa.....what?

This is technically not a tax increase, please stop saying that it is.

OP - talk to your HR about this. My DH noticed that in addition to his SS withholding increasing, his Federal withholding also increased, we're not sure why, need to ask HR.
Anonymous
Post 01/11/2013 10:45     Subject: Whoa.....what?

My paycheck (weekly) only went down $10.
#brokepeopleproblems
Anonymous
Post 01/11/2013 10:42     Subject: Whoa.....what?

And it's not a tax increase, PP. It's reinstatement of taxes that were suspended as a gift from President Obama.

Say thank you.
Anonymous
Post 01/11/2013 09:33     Subject: Whoa.....what?

Anonymous wrote:I just got my 1st paycheck deposited for the new year. I knew the tax thing was coming, but holy crap! It's about 3x as bad as I projected it to be.

Single mom, making about 60,000 a year. I get two paychecks a month. I was thinking the difference after the new tax increase would be about $45-50 per pay period. It was $108.

Times two pay periods. I am now down about $220 a month.

Wow.



r u sure your health insurance and/or other benefits did not increase also?

the SS tax is only and additioanl 2% out of your paycheck.
Anonymous
Post 01/11/2013 08:55     Subject: Whoa.....what?

Anonymous wrote:If you're making $60,000, you didn't get a tax increase. It's the return of the payroll tax deduction, that has only been suspended for a few years.


It's 2 percentage points of income, and while you are technically correct that it was suspended for two years, the fact is that human beings don't think like that and adjust to their incomes. It's also a fact that it's the first tax increase on Americans in 20 years, and for many in the workforce, the first they've ever encountered.
Anonymous
Post 01/11/2013 08:53     Subject: Whoa.....what?

I bet a good chunk of that is something else like health insurance.

Your payroll tax increase is $1,200 on the year, so $100 per month, or $50 a check.

The deductions are coming from something else: Health premiums, 401k contributions, a bigger contribution to a flexible spending account.
Anonymous
Post 01/11/2013 08:11     Subject: Whoa.....what?

If you're making $60,000, you didn't get a tax increase. It's the return of the payroll tax deduction, that has only been suspended for a few years.
Anonymous
Post 01/11/2013 08:01     Subject: Whoa.....what?

I just got my 1st paycheck deposited for the new year. I knew the tax thing was coming, but holy crap! It's about 3x as bad as I projected it to be.

Single mom, making about 60,000 a year. I get two paychecks a month. I was thinking the difference after the new tax increase would be about $45-50 per pay period. It was $108.

Times two pay periods. I am now down about $220 a month.

Wow.