Just got my first 2013 pay stub.
Fed Inc Tax - Increased 9%
Fed Medic Tax - Increased .05%
Fed Soc Sec Tax - Increased 55%
Healthcare Ins - Increased 95%
My monthly net pay will decrease by $340.
With > 50 % of households living paycheck to paycheck
This will have an immediate impact on our consumer economy.
More layoffs ahead and more will see hours cut.