Mine dropped some for next weeks payday. Must be the increase in Social Security Taxes?
I need to send Congress a thank you note!
Mine dropped some for next weeks payday. Must be the increase in Social Security Taxes?
I need to send Congress a thank you note!
Words of wisdom from Big Chief: Flush twice, it's a long way to the Mess Hall
I'd rather have my sister work in a whorehouse than own another Taurus!
9 Sillymeters are good fer shootin Skeeters
Yep, everyone (well at least everyone making $110k or less) got a 2% pay cut starting on Tuesday due to the expiration of the temporary payroll tax cut from 2011 as part of the stimulus.
The impact on the economy of this is probably going to be far more important than any of the other tax increases that are getting the most attention:
http://finance.yahoo.com/blogs/break...184007392.html
Last edited by alphasigmookie; 01-04-2013 at 04:46 PM.
"Finding out that you have run out of toilet paper is a good example of lack of preparation, buying 10 years worth is silly"
-DoctorWho
Originally Posted by Big Chief
That can't possibly BE!!! Obama said if you make less than $250,000 a year your taxes won't go up... He wouldn't dare lie about something THAT important now would he?
"Attack rapidly, ruthlessly, viciously, without rest, however tired and hungry you may be, the enemy will be more tired, more hungry. Keep punching." General George S. Patton
The biggest impact on the economy will be coming from the truckloads of new regulations that are being released by his agencies who held back (illegally of course) the release until after the elections. Brace yourselves, the tsunami is just a ripple right now...
"Attack rapidly, ruthlessly, viciously, without rest, however tired and hungry you may be, the enemy will be more tired, more hungry. Keep punching." General George S. Patton
News said the other day the Obama Care tax on medical instruments, everything from tongue depressors to EKG machines has already caused one MFR to lay off 300 employees. A DEM who voted for Obama Care was upset and wanted an exemption for HIS state!
How does that Bible saying go 'Father Forgive Them For They Know Not What They Have Done' well we are fixing to find out. I think there will be a lot more remorse in the coming months/years.
Words of wisdom from Big Chief: Flush twice, it's a long way to the Mess Hall
I'd rather have my sister work in a whorehouse than own another Taurus!
9 Sillymeters are good fer shootin Skeeters
Good article in Thursdays USA Today about how much you will be paying. Of course everyone will pay more.
Got my direct deposit yesterday. Less money in my account, more money taken from me by the governent. I just don't see how it can be true. Obama said.............
Unfortunatly, I think that is exactly right.
If the crap that is about to hit us would have started being implemented before the election, I don't think Obama would have had a chance. Of course they knew that and set the worst parts of his plans to start in and after his second term. He is the pied piper.............
Remeber this?
and this?
It' doesn't just apply to missle defense. It is his mindset. But he will continue to blow his little horn and the children will continue to follow him..........
Last edited by Jay; 01-04-2013 at 06:47 PM.
As soon as I read this thread, an email came out from HR about the changes in paychecks.
Yep. Elections have consequences. These guys think that YOU having less money in your pocket will fix the economy.
To make something simple is a thousand times more difficult than to make something complex.
-Mikhail Kalashnikov
My pay cut comes out to $71 per month.
Doesn't seem like much and it won't kill me, but it's not pocket change to me either. Heck, that's almost half my car payment.....
I can't wait to see what happens in the midterms........
Yep, reelecting a republican house ensured that the payroll tax cut would go away. Boehner and republicans made it clear early on that the budget could not handle a continuation of the tax cut and put their foot down early in the negotiations that it would not be renewed. Obama put the tax cut in place originally and many democrats pushed to get it extended, but ultimately gave in like they always do. Honestly, as much as it hurts it's probably overall a good thing for the budget that it ended. It was always intended to be a temporary tax break and SS is already going broke. Cutting SS revenue by cutting the payroll tax was a great way to ensure lots of soon to retire baby boomers ended up without benefits.
"Finding out that you have run out of toilet paper is a good example of lack of preparation, buying 10 years worth is silly"
-DoctorWho
When you vote remember who gave you that tax cut and who pushed to let it expire... just saying...
"Finding out that you have run out of toilet paper is a good example of lack of preparation, buying 10 years worth is silly"
-DoctorWho
What Obama and his ilk did when they cut the payroll tax rate for social security from 6.2% to 4.2% was rob Peter to pay Paul. As you have already pointed out, social security is already going broke, so something has to be done to head that off. Raising the payroll tax rate back to its previous rate will probably not do that, but leaving it at 4.2% will certainly not. Also, the maximum amount of income that the government collects SS tax on has increased from approximately $110K to approximately $113k. So, for those who make over $110k, you'll get hit by this as well. Just think of it as paying your fair share.
In addition, the Patient Protection Affordable Care Act of 2010 increases the Medicare part A payroll tax by 0.9% (from 1.45% to 2.35%) for all income above $200,000. I don't know what impact this will have on the overall economy, but I'm guessing it's not going to be positive. Free healtcare is anything but.
It's also been pointed out that there are new sales tax on medical devices that recently went into effect. Any sales tax is regressive in nature, so this will hurt low income people more so than high income earners. I know exactly who put this into place, and will keep it in mind when I vote in 2014.
What I haven't seen is any attempt by Obama and his crew to cut spending in any meaningful way. I'm not sure if they think we can tax our way out of the economic mess we're in, or just don't care. Regardless, this will have to be dealt with eventually. I really don't know what it will take for the country to be bankrupt, or what it will mean to folks, and I really don't wish to find out.
I think that there is plenty of blame to go around. There's been a lot of finger pointing, and both sides bear a lot of responsibility. I just got a call from someone representing the republican senatorial committee, and was very unpleasant to him. I told him not to call me again, and that he could use the pay raise they just voted themselves to finance whatever it was they wanted. I'm disgusted with both parties, and don't see either looking out for what's best for the country.
Jerry
Meanwhile, in the Sahara, the Arabs are eating their dates.
My paycheck had a note on it saying the SS rate went from 4.2% to 6.2%, so I would be getting paid less. But my paycheck was about the same as the last one, so see...Obama was right!
(Course I did work a few more hours this pay period)
STEALTH COMPETENT
I know what I'm doing, it just doesn't look like it.
I think this is one of the few things most conservatives and liberals can agree on. I'm definitely not happy with the democratic party overall. I just find the logic funny (not by you mind you) that if we had just voted either more Republicans or more Democrats (depending on which side of the political spectrum that you're on) into office that it would have somehow significantly changed things for the better. Until the American people wake up and realize that the two parties are working together to have their way with us from both ends, not much is going to change.
"Finding out that you have run out of toilet paper is a good example of lack of preparation, buying 10 years worth is silly"
-DoctorWho
Would you please quit making sense and posting things I agree with? I just ain't right.
Jerry
Meanwhile, in the Sahara, the Arabs are eating their dates.
I really can't add much to what Jerry exlplained and you followed up with. I agree there.
Not going to change my mind in the way I vote. But again note that I've said nothing about one party or the other. Obama just happens to be a democrat. He signed the same bill that did away with that tax cut. It was a temporary cut. We know that. I'm just tired of them standing on the stage acting like they did all of us, specifically the middle class Obama's always referring to, such a huge favor and try to make us believe their crap, but we clearly see something else.
Some of us paid the 6.2% our whole working life.
Sent from my Inspiron 1200.
I have to pay the full 12.4%. Remember folks, you only pay half of that Social Security tax. The other half is paid by your employer using money that they could have paid to you instead. They do it that way so you don't see how much this crap really costs you.
The same thing goes with the Medicare tax. Combined, it is 15.3%! This is all before they even start taxing your "income".
I knew that, however, the government was my employer.
Clean's cousin has a welding shop in WI and can and does tell nightmares
about such things that the regular working person does not get involved in
because the boss has to deal with it.
Sent from my Inspiron 1200.
I won't know till the end of the month.
However due to obamacare requirements raising the cost of health insurance my insurance premiums stayed the same, but the company changed the coverage. The deductable went up $2,000 and the copays went up 50%.
Bakerman formerly known as Bakerman
6.2% wasn't an increase, it was a return to what we paid 2 years ago. It was a temporary stimulus, and it didn't seem to do a whole lot of good seeing as the economy is still in the pooper. If 2% didn't fix things, why would we keep rolling with it?
I wouldn't know, what Obama doesn't take my wife takes the rest!
timc - formerly known as timc on the last G&A forum and timc on the G&A forum before that and the G&A forum before that.....
AKA: Former Founding Member
We were ALREADY paying for the uninsured before by higher hospital bills/doctor visits/taxes so why did they bother with Obama Care. They may not of gotten a lot of routine medical care, but weren't turned down for emergency care and a lot of other stuff too. Just written off and passed to us who pay taxes/had insurance in one shape or form.
Words of wisdom from Big Chief: Flush twice, it's a long way to the Mess Hall
I'd rather have my sister work in a whorehouse than own another Taurus!
9 Sillymeters are good fer shootin Skeeters
This^. So many people don't understand labor burdens.
The idea was that by getting regular medical care, those with things like heart disease and diabetes wouldn't rely on emergency room care to manage their problems. By the time they get into the ER for a heart or diabetic problem, the cost to treat is quite high, because they're usually near death with a wrecked body.
In reality, the majority of those who did that will now probably forgo routine checkups (which are cheaper) and the associated dietary and lifestyle changes (which are still cheaper than ER care) and only go to get medical treatment when they're near death. In other words, for a lot, not much has changed.
If I Ever Became An Evil Overlord:
40. I will be neither chivalrous nor sporting. If I have an unstoppable superweapon, I will use it as early and as often as possible instead of keeping it in reserve.
And the Crack/AIDS babies will still be born at our expense..................and any that wanted care in the past could get it free from somewhere, maybe not the best facilities, but it was available and added to our bill one way or the other.
I'm not suggesting abortion, just saying the parents of these babies are irresponsible and live risky lifestyles and don't seem to care about the consequences to their babies health and survival.
Last edited by Big Chief; 01-05-2013 at 04:05 AM.
Words of wisdom from Big Chief: Flush twice, it's a long way to the Mess Hall
I'd rather have my sister work in a whorehouse than own another Taurus!
9 Sillymeters are good fer shootin Skeeters
Mine went up a little but that is because I took a different benefit package. Last year we knew we were having another baby so we went with the best benefit package we could. Taxes are taking more out of me on this check though as compared to last year.
Part of what makes the AK so awesome is that it's the shameless, kinda dirty chick who's always down to party and doesn't expect you to buy her diamonds.
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