Archived Taxes

Backroom69 · Jan 1, 2013

Did your taxes already go up for those that get paid on January 4th?? I feel mine did.

Ajax11 · Jan 1, 2013

Backroom69 said:
Did your taxes already go up for those that get paid on January 4th?? I feel mine did.

Social security tax has increased 2% from 4.2% to 6.2%, but you will rarely hear about it from any news source.

TargetOldTimer · Jan 1, 2013

Wow! Thats a 25% increase!

Backroom69 · Jan 1, 2013

I saw that my fed tax went up too. Glad Christmas is over.

StateofTarget · Jan 1, 2013

TargetOldTimer said:
Wow! Thats a 25% increase!

<sigh> Actually it's back to where it was. The lower social security tax was part of the stimulus act and it was said to be temporary from day one. If you make $10/hour and work 40 hours a week, it means you will lose $8. :huh:

Funny how you can manipulate people with percentages.

RednTacky · Jan 2, 2013

Yeah, I think a lot of the stimulus stuff ended at the end of the year, so yeah, taxes will be back to where they were before for now.

Retail Girl · Jan 2, 2013

No they won't. SSN taxes are back to their pre-stimulus amount (this is not a hike), and will be staying there. So the paycheck will go back to normal, which means a little more is taken out, but not as bad as it would have been.

Backroom69 · Jan 2, 2013

The thing is if you look at your current check that is to be out this Friday they changed all the taxes back to what they were a few years ago not just the ss. Hopefully they will fix this in the near future.

DotWarner · Jan 3, 2013

Backroom69 said:
The thing is if you look at your current check that is to be out this Friday they changed all the taxes back to what they were a few years ago not just the ss. Hopefully they will fix this in the near future.

They fixed this on New Year's Day. The Senate passed the bill on New Year's Eve and the House passed it the next day. The President signed it on the 2nd after he returned to Hawaii. I get paid on the 3rd so I guess my taxes will be a bit higher this time but they should be back to normal on my next paycheck on the 17th.
Of course if you're single and making more than $400,000 or married and making more than $450,000, your taxes indeed went up but I don't think that applies to anyone here.

Retail Girl · Jan 3, 2013

lac704 said:
They fixed this on New Year's Day. The Senate passed the bill on New Year's Eve and the House passed it the next day. The President signed it on the 2nd after he returned to Hawaii. I get paid on the 3rd so I guess my taxes will be a bit higher this time but they should be back to normal on my next paycheck on the 17th.
Of course if you're single and making more than $400,000 or married and making more than $450,000, your taxes indeed went up but I don' think that applies to anyone here.

*cough*Gregg*cough*