Thread: paycheck
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Old 01-11-2013, 04:59 PM   #19
RIJIMMY
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Join Date: Aug 2003
Location: TEXAS
Posts: 8,672
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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