Quote:
Originally Posted by RIJIMMY
folks, as all know, I am no Obama supporter. I too took a huge hit.
But this is your SS and Medicare contribution that went back to 4% from 2%. I dont consider it a raise in taxes. We cant complain SS will be bankrupt and then not contribute what all of us were contributing 2+ years ago. Its the same rate. No class warfare, no tax on wealthy, you want to participate (or actually you have no choice) you have to pay.
Zac - it should only be 2%. I wonder if your company coded your tax withholding in 2013 with the assumption that rates would go up (fiscal cliff). They didnt really have time to adjust since the compromise was jammed through. It may be a timing issue? I would look into it.
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Good lord, you're making sense?
Payroll went back from 4.2 to 6.2.
For some perspective, while you all were enjoying that extra 2% you were also increasing the deficit.
Zac, I doubt yours really went up that much. It's possible some of it was unemployment, many people max out during the year and their late checks are higher as a result.
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