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"The two-year payroll tax holiday is over, so take-home pay will go down -- around $2,000 less a year for the average wage earner as the rate went from 4.2% to 6.2%."
Um....2% = $2,000? Since when is the "average wage earner" making $100,000?
Last edited by Timing2012; 01-03-2013 at 07:03 PM..
Doesnt it go from 4.2% to 6.2% for both the employee and employer. Thats how it works in the UK. Ie that would make the average wage $50k (still seems high)
Yes many cronies got their breaks extended while we serfs got ours eliminated.
That $2000 would be spent so much better in the private economy than letting the gangsters in DC use it to purchase votes.
Yes many cronies got their breaks extended while we serfs got ours eliminated.
That $2000 would be spent so much better in the private economy than letting the gangsters in DC use it to purchase votes.
Doesnt it go from 4.2% to 6.2% for both the employee and employer. Thats how it works in the UK. Ie that would make the average wage $50k (still seems high)
Location: Huntersville/Charlotte, NC and Washington, DC
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Quote:
Originally Posted by Timing2012
Um....I am pretty sure your pay check was from 2012's work since today's is only Jan. 3.
Apparently 2013's taxes applied to this check.
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