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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.

by Anonymousreply 2501/18/2013

He's full of shit.

by Anonymousreply 101/17/2013

Does your friend get paid monthly?

by Anonymousreply 201/17/2013

Maybe R2 but wouldn't that still only be 140 bucks at most?

by Anonymousreply 301/17/2013

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.

by Anonymousreply 401/17/2013

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.

by Anonymousreply 501/17/2013

He's doing better than you thought.

by Anonymousreply 601/17/2013

R7, pay attention. We're talking about the ending of a temporary tax cut that he started, not a tax increase. Stop being stupid.

by Anonymousreply 801/17/2013

R7, this was the end of a temporary payroll tax holiday. And he got the AMT fixed. You're a fucking idiot.

by Anonymousreply 901/17/2013

Dumbshit at R7, please spay or neuter yourself.

by Anonymousreply 1001/17/2013

Who cares? He is well off if 2% of his paycheck is $200. Unfriend him immediately OP.

by Anonymousreply 1101/17/2013

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.

by Anonymousreply 1201/17/2013

His pimp must be taking a bigger cut this year.

by Anonymousreply 1301/17/2013

Ours just went down $300 monthly but I definitely feel like in the long run its better f

by Anonymousreply 1401/17/2013

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.

by Anonymousreply 1501/17/2013

why the fuck don't we have a webmaster who gives a shit at all the gay bashing on this site? fucking pathetic.

by Anonymousreply 1701/17/2013

[R17] 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

by Anonymousreply 1801/17/2013

If he makes over $88k a year, than this is merely his FICA deduction resetting for the new year.

by Anonymousreply 1901/17/2013

The FICA limit for 2012 was $110.1K, R19.

by Anonymousreply 2001/17/2013

I also went down over $200/pay period. I make $135K per year.

This happens every year.

by Anonymousreply 2101/18/2013

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.

by Anonymousreply 2201/18/2013

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.

by Anonymousreply 2301/18/2013

[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?

by Anonymousreply 2401/18/2013

It happens every year because some time during the fall the paycheck goes UP when the SS threshold is reached. Duh.

by Anonymousreply 2501/18/2013
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