Anonymous wrote:Did they complain 2 years ago when they went down $4200 overnight?

We make about 300K a year, and I have to admit I didn't even notice when they lowered the payroll tax. Probably won't notice a difference after they raise it.

Anonymous wrote:Sure, I know how he feels, I'm in the same boat. But, considering I just had a $40k day in the market hopefully I'll find a way to manage my grossly unfair tax burden.

Hot damn. I was happy with my $7k today.

Sure, I know how he feels, I'm in the same boat. But, considering I just had a $40k day in the market hopefully I'll find a way to manage my grossly unfair tax burden.

I estimate that my taxes went up $25,000 overnight. $4,200 payroll tax, $16,000 with the marginal tax increases, $5,000+ with the reinstatement of PEP and Pease.

OP, not sure why you think your friend is lying.

Wow, 797k a year! You are rich!

Anonymous wrote:I estimate that my taxes went up $25,000 overnight. $4,200 payroll tax, $16,000 with the marginal tax increases, $5,000+ with the reinstatement of PEP and Pease.

OP, not sure why you think your friend is lying.

You sound pretty fortunate to me to have had a temporary tax break last roughly a decade. Your net worth has probably increased tremendously over that time while most Americans' did not.

Anonymous wrote:

Anonymous wrote:I'm trying really hard not get pissy with my idiot family and friends. It's getting harder and harder every day. I used to be a moderate Republican. I can say now without hesitation that I have jumped ship. I will NEVER vote for another Republican again.

I'm confused. What is happening is exactly what the Dems want and Republicans are trying to stop. Robin Hood Obama - tax the rich and give to the poor. We are becoming a welfare state and it will be those with steady income who will pay for it all.

Taxes are still lower overal than they were under Clinton. We were a welfare state in the 90s?

OP, I think your FB friend is BSing.

Anonymous wrote:I estimate that my taxes went up $25,000 overnight. $4,200 payroll tax, $16,000 with the marginal tax increases, $5,000+ with the reinstatement of PEP and Pease.

OP, not sure why you think your friend is lying.

Yikes, I'm sorry for your increases!

I thought he was exaggerating because he's been posting these kinds of comments for a while, but whenever someone complained of increases on this site, Jeff shut them down by showing his calcs that it would only increase minimally except for extremely high HHI. I felt there was no way he made as much as I'd understood Jeff to show, but maybe I misunderstood what Jeff has been posting for the past few months. Thanks for the info, though!!

Anonymous wrote:I'm trying really hard not get pissy with my idiot family and friends. It's getting harder and harder every day. I used to be a moderate Republican. I can say now without hesitation that I have jumped ship. I will NEVER vote for another Republican again.

I'm confused. What is happening is exactly what the Dems want and Republicans are trying to stop. Robin Hood Obama - tax the rich and give to the poor. We are becoming a welfare state and it will be those with steady income who will pay for it all.

Op here, thank you for the informational comments. Facebook poster is one income family, his wife is SAHM. I should have mentioned that, I'm sorry.

I estimate that my taxes went up $25,000 overnight. $4,200 payroll tax, $16,000 with the marginal tax increases, $5,000+ with the reinstatement of PEP and Pease.

OP, not sure why you think your friend is lying.

http://blogs.wsj.com/economics/2013/01/01/payroll-tax-cut-expires-how-much-more-will-you-pay/

Anonymous wrote:

Anonymous wrote:For what it's worth, our HHI is about $160,000. Our taxes will "go up" (and they aren't going up, they are returning to the correct levels) about $1784 per year. That's $148 a month. I think we can swing it.

How do you calculate $1784? I thought the tax was on individual incomes, not combined HHI? We have $160K combined and assume a much higher "increase."

Sorry. I should have been clearer. My husband's income is 160,000. I am a SAHM.

Anonymous wrote:I thought taxes were only being raised on wealthy - sorry, I know snark is coming, I have not been reading that closely. Will that affect someone who makes only 45k? What about less? Thanks

If you make $45,000 in wages, you'll pay $900 more in payroll taxes this year than you did in the previous two years.

Some will argue, rightly, that you never really should have viewed that $900 tax break for the previous two years as a permanent benefit since it was always intended to be a temporary economic stimulus measure to help boost the economy.

I thought taxes were only being raised on wealthy - sorry, I know snark is coming, I have not been reading that closely. Will that affect someone who makes only 45k? What about less? Thanks

Federal taxes do not include SS. When republicans talk taxes, they do not include SS. This is why it was not included in the deal.