steveox
Well-Known Member
Payroll Tax Takes a New Bite
American workers are opening their first paychecks of the year and finding an unpleasant surprise: The government's take has gone up.
A temporary cut in Social Security withholdings gave Americans hundreds of extra dollars to spend over the past two years. But Congress allowed that break to expire during the wrangling over the fiscal cliff, meaning that Social Security taxes have reverted to 6.2% of salary from the temporary 4.2%.
The noticeable lightening of paychecks as consumers remain tentative threatens to put a drag on economic growth. The effect for companies is that the hit is likely to cement a frugal attitude that led consumers to cut back on eating out and shift to less-expensive store brands.
Kari Barker, an accountant in Salt Lake City, recently received her first 2013 paycheck and realized that she and her husband will take home $250 less every month. The 32-year-old, who works as a financial controller for a medical-devices company, accepted a second job last weekdoing accounting work for a friend's startup company.
http://finance.yahoo.com/news/payroll-tax-takes-bite-041300823.html
I WARNED YALL ABOUT DEMOCRATS! SO DID BILL OREILLY AND RUSH LIMBAUGH!
They all lied what they promised you during the election campaigns. Remember what Obama promised you 4 years ago
But Yall choose to allow NBC NEWS,,ABC NEWS,,CBS NEWS,,CNN And MSNBC all brained washed your votes Here are Americas top liars
These guys all brainwashed you. These guys will never lie
American workers are opening their first paychecks of the year and finding an unpleasant surprise: The government's take has gone up.
A temporary cut in Social Security withholdings gave Americans hundreds of extra dollars to spend over the past two years. But Congress allowed that break to expire during the wrangling over the fiscal cliff, meaning that Social Security taxes have reverted to 6.2% of salary from the temporary 4.2%.
The noticeable lightening of paychecks as consumers remain tentative threatens to put a drag on economic growth. The effect for companies is that the hit is likely to cement a frugal attitude that led consumers to cut back on eating out and shift to less-expensive store brands.
Kari Barker, an accountant in Salt Lake City, recently received her first 2013 paycheck and realized that she and her husband will take home $250 less every month. The 32-year-old, who works as a financial controller for a medical-devices company, accepted a second job last weekdoing accounting work for a friend's startup company.
http://finance.yahoo.com/news/payroll-tax-takes-bite-041300823.html
I WARNED YALL ABOUT DEMOCRATS! SO DID BILL OREILLY AND RUSH LIMBAUGH!
They all lied what they promised you during the election campaigns. Remember what Obama promised you 4 years ago
But Yall choose to allow NBC NEWS,,ABC NEWS,,CBS NEWS,,CNN And MSNBC all brained washed your votes Here are Americas top liars
These guys all brainwashed you. These guys will never lie
