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01-03-2013, 06:47 PM
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1,288 posts, read 2,800,823 times
Reputation: 777
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According to CNN at link: Fiscal cliff winners and losers - CNN.com
"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 08:03 PM..
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01-03-2013, 06:51 PM
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Location: Baldock, hertfordshire, England
769 posts, read 844,176 times
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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)
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01-03-2013, 07:12 PM
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1,288 posts, read 2,800,823 times
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The article says "take home pay" will go down by $2,000. These CNN people need to take math classes or writing classes, or maybe both.
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01-03-2013, 07:15 PM
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42,693 posts, read 23,608,557 times
Reputation: 22631
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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.
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01-03-2013, 07:17 PM
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1,288 posts, read 2,800,823 times
Reputation: 777
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Quote:
Originally Posted by Frank DeForrest
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.
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That's not the point of my thread.  |
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01-03-2013, 07:18 PM
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29,912 posts, read 38,255,040 times
Reputation: 4787
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Quote:
Originally Posted by LAWS
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)
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No. The 2% reduction only went to employees. |
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01-03-2013, 07:20 PM
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Location: Columbia, SC
30,268 posts, read 15,116,005 times
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If you make enough money these things don't matter.
If not, what's holding you back?
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01-03-2013, 07:54 PM
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Location: Charlotte, NC and Washington, DC
26,407 posts, read 39,534,965 times
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Got my first paycheck this year and it was $28 lighter than last year's checks. Thanks Congress, you ALL suck.
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01-03-2013, 08:34 PM
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1,288 posts, read 2,800,823 times
Reputation: 777
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Quote:
Originally Posted by The Dissenter
Got my first paycheck this year and it was $28 lighter than last year's checks. Thanks Congress, you ALL suck.
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Um....I am pretty sure your pay check was from 2012's work since today's is only Jan. 3. |
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01-03-2013, 08:36 PM
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Location: Charlotte, NC and Washington, DC
26,407 posts, read 39,534,965 times
Reputation: 40057
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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.
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Apparently 2013's taxes applied to this check. |
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