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1 posted on 01/08/2013 10:20:44 AM PST by crosshairs
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To: crosshairs

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.


2 posted on 01/08/2013 10:23:18 AM PST by Mr. Jeeves (CTRL-GALT-DELETE)
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To: crosshairs

Don’t worry. They’re keeping it in your account for you.


3 posted on 01/08/2013 10:25:16 AM PST by Rio (Tempis Fugit.)
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To: crosshairs

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”.


4 posted on 01/08/2013 10:27:34 AM PST by svcw (Why is one cell on another planet considered life, and in the womb it is not.)
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To: crosshairs
Of course Romney detailed this during the debates. Low Information Voters should be the only people truly surprised.

I just love that phrase Low Information Voters.

5 posted on 01/08/2013 10:28:05 AM PST by ImJustAnotherOkie (zerogottago)
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To: crosshairs

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.


8 posted on 01/08/2013 10:31:26 AM PST by SandyInSeattle (2 Corinthians 4:8)
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To: crosshairs

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%.


9 posted on 01/08/2013 10:32:20 AM PST by deport
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To: crosshairs

Someone has to pay for my $18.00/month increase!

After all, the Trust Fund has already been raided.


11 posted on 01/08/2013 10:34:57 AM PST by TomGuy
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To: crosshairs

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.

http://www.ssa.gov/history/ssa/usa1964-2.html

Self-Supporting

“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!

http://www.socialsecurity.gov/OACT/ProgData/fundFAQ.html#n4


13 posted on 01/08/2013 10:38:32 AM PST by Ruy Dias de Bivar (GUNS.. the rightful property of freemen, and formidable only to tyrannical governments.”)
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To: crosshairs

How odd that a totally unsustainable tax break that affects just about every wage earner should expire right after the election. /s


21 posted on 01/08/2013 11:05:03 AM PST by Stosh
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To: crosshairs

Not to worry.

It’s in AlGore’s lockbox.........


22 posted on 01/08/2013 11:09:28 AM PST by Red Badger (Lincoln freed the slaves. Obama just got them ALL back......................)
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To: crosshairs
Don't worry it's in a lock box just waiting for you unless they can kill you off with Obama care first.
31 posted on 01/08/2013 12:21:03 PM PST by KSCITYBOY
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