- Joined
- Mar 30, 2012
- Messages
- 636
Did anybody get this lovely email about how the "decision" of the fiscal cliff is causing more taxes to be witheld from our paychecks??
I didn't get an email but it's been on the breakout for huddle topic. Didn't affect today's check but it will from here on out. Although I don't think the extra 5% is going to be devastating to me.
Well it wasn't just 2% on mine. That was the SS that was the 2%. Mine translated into $50+ difference and that is A LOT!
I call bull sh** on this and my proof is 3rd grade level math.
In order for a 2% increase to cause you to lose $50 on your check, your check would have to be $2500. 2% of $2500 is $50.
So, you are either an ETL *or* the highest paid TM in the company *or* full of sh**.
If you are pulling in $2500 checks, that means you are pulling in $5000 a month. (i.e. an ETL) And if that is the case, I really don't give a damn and I doubt anyone else with any concept of fairness does either. $5000 a month? You can live with $50 less.
Where do you get 5%? it"s 2 %. Two years ago as part of the "Stimulus" Social Security and Medicare tax taken from your pay was reduced from 7+% to 5+%, essentially giving you a 2% temporary raise. Now it has gone back to where it was for years before. This is not a tax increase - you've enjoyed a temporary tax DECREASE for two years - but you'd never know it if Fox is your news source.
Geez, what I could do on $5000 a month....
The possibilities are decadent....
5,000 a month would mean i could pay for my husbands medicine without worrying about it every month.. if only.
5,000 a month would mean i could pay for my husbands medicine without worrying about it every month.. if only.
We've got to keep doing something about the healthcare system in this country.
We've got to keep doing something about the healthcare system in this country.
It will get a lot better in 2014.... That is when the health care exchanges come online and the medicaid expansion hits (the aforementioned expansion won't happen in some republican states....). Lots of people will get coverage, and it will be better than the sh** Health Savings Account at Target.
Yea, it's seriously broken.
And that's with the duct tape and bailing wire they slapped on for the Affordable Care Act.
Can't believe the first act of Congress for the new year was to try and repeal it.
Why would it matter correct me if I wrong but wasn't it tax the rich??
Well seeing as how you know everything "stateoftarget" you can say all you want but I am just stating the facts man. I know I am not the highest paid tm in the company. I'm just telling you that every single one of my taxes taken went up. So unless the fed, state and ss all went up 2% on each of there individual level then I got screwed. I'm just telling you the facts, no need to be a clown
"The fiscal cliff deal reached by the White House and Senate Republicans wont extend the payroll-tax holiday. The biggest hit to 2013 growth appears likely to come from this tax break’s expiration on Monday.
The workers’ share of the Social Security payroll tax had been lowered by two percentage points for the past two years, to 4.2% from 6.2%, amounting to an annual income boost of $1,000 for a typical U.S. family earning $50,000 a year." Source WSJ