A FB friend claims his paycheck is 200 bucks lighter due to tax hikes.
Is he doing better than I thought or just full of shit? I'm inclined to believe the latter.
He's full of shit.
Does your friend get paid monthly?
Maybe R2 but wouldn't that still only be 140 bucks at most?
By "tax hikes" does he mean the end of the payroll tax cut? If so, it just means that $200 was equal to 2% of his gross pay for the period.
If he's paid biweekly, it means his gross pay is $10,000 per two weeks, or $260,000 per year. So that's realistic.
He's doing better than you thought.
But Obama said no taxes would affect the middle class. He has been the worst president in history. His leaving office can't come soon enough.
R7, pay attention. We're talking about the ending of a temporary tax cut that he started, not a tax increase. Stop being stupid.
R7, this was the end of a temporary payroll tax holiday. And he got the AMT fixed. You're a fucking idiot.
Dumbshit at R7, please spay or neuter yourself.
Who cares? He is well off if 2% of his paycheck is $200. Unfriend him immediately OP.
OP, you should comment and say must be doing quite well as a 1%er and $200 is probably chump change to someone on his salary.
His pimp must be taking a bigger cut this year.
Ours just went down $300 monthly but I definitely feel like in the long run its better f
I'm with you, R15. My biweekly paycheck dropped over $130 with the end of the payroll tax holiday, but I'm glad. I want to make sure social security is solvent for those who need it, and I think that my income tax rate should be raised a little too. I want my nation to succeed, and I don't mind paying to help that happen.
No matter what Welfare Obama does the 'mos will like it because they are all on food stamps and SS disability because they're AIDS infested.
why the fuck don't we have a webmaster who gives a shit at all the gay bashing on this site? fucking pathetic.
Because there is no intelligent conversation going on here. "How would the world be different if Joan Crawford had been Jesus"
Give me a break and suck it up chump
If he makes over $88k a year, than this is merely his FICA deduction resetting for the new year.
The FICA limit for 2012 was $110.1K, R19.
I also went down over $200/pay period. I make $135K per year.
This happens every year.
R21, yours happens every year because you hit the social security wage ceiling in the fall, your take home goes up at that time, then falls again in January. It just fell more this time because more social security was taken out this year due to the end of the payroll tax holiday.
R6: I agree. He is doing better than you thought. Taxes are based off of a percentage of your paycheck. Mines hasn't been affected much at all, as much as I'd like to complain about a similar problem. Then again, without knowing how much debt he has and his other financial entanglements, you can't really figure this out one way or another - there are people who make 35k a year with no debt and are technically in a better position since much of this money can go directly into saving than those making 100k a year in a two parent household with a mortgage on a big house, 2 sets of undergraduate and graduate student loan payments and childcare costs. I've seen a lot of people making a lot of money who lose their jobs and end up bankrupt very quickly.
[quote]This happens every year.
Really? Every year your weekly take home pat decreases by $200?
Won't it eventually dwindle to nothing? What happens then?
Better yet, what happens the year after that? Will you owe the government $200 each week for the privilege of working?
It happens every year because some time during the fall the paycheck goes UP when the SS threshold is reached. Duh.