Skip to comments.Social Security deduction for 1st check of 2013 (Vanity)
Posted on 01/08/2013 10:20:40 AM PST by crosshairs
I was wondering why my paycheck was so much less for the first check of the new year and started looking at the deductions and saw that the amount taken out for Social Security tax went up 50%. WTH! I guess we have to fund all the lazy bastards who have gone on SSDI in the last year.
They ended the “payroll tax holiday”, which was a stupid political gimmick that damaged the solvency of Social Security quite a bit. So that increase is OK...it’s income tax in general that remains way too high.
Don’t worry. They’re keeping it in your account for you.
The so called “payroll tax holiday” (4.2% your portion) expired.
The current rate (6.2% your portion) is what it was before.
The employer’s portions was never part of the “holiday”.
I just love that phrase Low Information Voters.
For wage earners, it went BACK up to 6.2% from the 2% less ‘holiday’ Obama gave his voters (he wanted only to give it to THE BARRACK, but had to do it for every wage earner)....that is back up to 6.2% now, double for self-employed people (usually not THE BARACK).
Technically not a tax but an insurance contribution and thus an ‘off-the-top’ deduction from every paycheck. For most of THE BARACK is is the only Federal deduction from their paychecks because they mostly don’t pay any Federal INCOME tax at all. Barack and the Media and even some RINO fools call it “payroll taxes” because they think it gives THE BARACK in this country the idea they really pay their fair share of actual ‘taxes.’ They actually largely get more money than they paid in on Federal Income Taxes because of that whopping big ass EITC check they get every year.
Seriously laughing out loud in my office right now.
Where have you been?
The temporary tax holiday expired. Not to be snarky, but everybody not living under a rock should have been aware of that.
Yep the Payroll Tax Holiday of 2011 & 2012 ended at midnight on Dec. 31, 2012. Your rate went back up to the normal rate of 6.2% from the tax holiday rate of 4.2%.
I joust quite a bit with liberals on other discussion boards. Many of them are very well informed, but I consider them to be "Low comprehension voters".
Someone has to pay for my $18.00/month increase!
After all, the Trust Fund has already been raided.
I see. They stick a Q-Tip in one ear and it comes out the other side.
But, but we wuz promised the SS system was fully funded and needed not increases back in 1964!
Here is what they said from the SS web site.
“The program is designed so that contributions plus interest on the investments of the social security trust funds will be sufficient to meet all of the costs of benefits and administration, now and into the indefinite future—without any subsidy from the general funds of the Government.
Both the Congress and the Executive Branch, regardless of political party in power, have scrupulously provided in advance for full financing of all liberalizations in the program.”
And here is where your money went! READ AND WEEP!
“I just love that phrase Low Information Voters.” I like F*CKIN Idiots and Leeches better.
The new rate was applied to my last check (issued in 2013) which was for the last 2 weeks of 2012... is that right?? Just wondering.
That doesn’t sound right. It should not have kicked in until the first of this year (2013).
They should change welfare, unemployment and food stamps to the LIVE Act. (low information voter entitlement) Act.
Yep mine(and my wife’s too).
Bwah-hahahahahah!!! My laff-of-the day so far!