clipping more coupons. someone has to pay for the president’s 4 million dollar golf vacations.
Actually, there should have never been a “payroll tax cut”, so the “payroll tax hike” is not a bad thing (given the premise that Social Security is here to stay for the next few years, anyway). The “payroll tax cut” was simply a move by 0bama to look like he was cutting everyone’s taxes.
I am no longer sending money directly to Barack Obama to help him defray the expenses of those frequent Hawaii vacations.
co workers increasing the dependents on their ww2’s....
Spending less on trivialities and more on ammunition and other staples.
I’ll be cutting back on my 401K (or maybe eliminate) contributions.
As I see it, our 401K’s will be the likely next target in the coming year(s). What is the penalty of early withdrawal of the entire 401K?
I might as well get something then nothing later on.
Lost about $150 every two weeks. Not amused.
My family is cutting back on spending in the private sector because more of our dollars are being forcibly taken by the public sector.
As others do the same, the private sector, from whom the dollars are extracted by the public sector, will shrink. The public sector will receive fewer and fewer dollars to consume.
It is the very simple equation seen most clearly in the host-parasite relationship. Eventually, both the host and the parasite die.
Unemployment Insurance Reauthorization, and Job Creation Act of 2010 provides a two percentage point payroll tax cut for employees, reducing their Social Security tax withholding rate from 6.2 percent to 4.2 percent of wages paid.
So the Social Security Tax withholding rate returns to the 6.2% which was reduced by 2% for two years during 2011-2012.
“How are you adjusting spending after the payroll tax-hike?”
spending and saving less
I can’t tell; I got a promotion/raise on 12/16, so my check went up.
This along with the FSA limit reductions of Obamacare will result in a $1200 tax increase for me. Of course all of this pales in comparison to the loss of purchase power I have suffered over the last four years due to the monetizing of the debt. I will gladly accept the $1200 loss if we can turn grocery prices back to where they were in 2008.
I’m laughing my fanny off. The schadenfreude I’m getting from watching leftist heads exploding is worth the price I pay.
I put a buck in my good-feelings jar every time I tell a Lefty, “How’s it feel to be one of the rich?”