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Millions noticing paychecks lighter today, due to payroll tax hike
FoxNews.com ^ | 1/11/2013 | Joshua Rhett Miller

Posted on 01/11/2013 6:21:03 PM PST by RoosterRedux

Gabriella Hoffman’s paycheck is a little lighter today, thanks to a payroll tax increase that is forcing millions of Americans to make the kind of tough budget cuts their representatives in Washington lawmakers seem unwilling to tackle.

Hoffman, a 21-year-old Virginian who works at a nonprofit, estimates her paycheck will be roughly $30 less this biweekly pay period, or about $780 annually, thanks to the end of a two-year cut on payroll taxes, which fund Social Security. The tax has risen back up to 6.2 percent from 4.2 percent, costing someone making $50,000 annually about $1,000 per year and a household with two high-paid workers up to $4,500.

“As a newly-graduated person, someone coming straight out of college, I don’t like the idea of having less money coming to me due to the selfish interests of people in Congress who don’t have any interest in reducing our financial problems,” Hoffman told FoxNews.com. “This is an impediment for future economic growth. It’s going to make it harder for young people like myself to get married, find a better job, you name it.”

Hoffman admits the hike won’t completely alter her spending, but the University of California-San Diego graduate said she will definitely have it in mind when it comes to leisure activities and entertainment.

“Although it’s a small quantity on a monthly basis, just having less money going into my paycheck will prevent me from doing things and force me to be more frugal,” she said. “I’ll be more cautious with my spending.”

(Excerpt) Read more at foxnews.com ...


TOPICS: News/Current Events
KEYWORDS: 0stealsfromlibstoo; 112th; bho44; taxandspend; taxincrease

1 posted on 01/11/2013 6:21:11 PM PST by RoosterRedux
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To: RoosterRedux

BUSH'S FAULT


2 posted on 01/11/2013 6:22:58 PM PST by Jeff Chandler (http://www.youtube.com/watch?v=tpAOwJvTOio)
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To: RoosterRedux

Surprise!


3 posted on 01/11/2013 6:25:05 PM PST by fatnotlazy
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To: RoosterRedux

I don’t want to hear the sob stories. The $30 is the least of our worries with the dictator.


4 posted on 01/11/2013 6:27:03 PM PST by frogjerk (Obama Claus is coming to town!)
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To: frogjerk

It was the most INSANE tax cut ever anyway.

Why would anyone de-fund a program that is already going broke?


5 posted on 01/11/2013 6:30:40 PM PST by CMailBag
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To: RoosterRedux

Now they know why they should have paid attention when Ubama said he would have more flexibility after the election instead of worrying about the Kardashians.


6 posted on 01/11/2013 6:32:46 PM PST by E. Pluribus Unum (TYRANNY: When the people fear the politicians. LIBERTY: When the politicians fear the people.)
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To: CMailBag
"Why would anyone de-fund a program that is already going broke?"

Nevermind the fact that it also cut the amount you contributed which is a benchmark as to how much one would get once going on SS. Stupid fools screwed themselves on both ends.

7 posted on 01/11/2013 6:35:40 PM PST by mazda77
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To: RoosterRedux

Wait’ll the rest of it hits you, baby!


8 posted on 01/11/2013 6:38:04 PM PST by cydcharisse (`)
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To: frogjerk

That’s more than a case beer. Lots of Obama voters will be furious!


9 posted on 01/11/2013 6:38:28 PM PST by existentially_kuffer
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To: CMailBag

True and yet two years ago there was oh so much clamor of “I need my $40 so i don’t have to eat cat food! Thank you Sultan Obama!”


10 posted on 01/11/2013 6:40:18 PM PST by frogjerk (Obama Claus is coming to town!)
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To: RoosterRedux

I do the company payroll. My check was $8+ short. On one of the young workers, I made a note that his eight hours were $1.70 less than his eight hours last year. That is not much; but, week after week it does add up.

I try to post semi political notes in the paycheck envelopes.


11 posted on 01/11/2013 6:41:15 PM PST by Bronzy
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To: RoosterRedux

Ganriella, forget your college degree.

Your real education just began.


12 posted on 01/11/2013 6:41:26 PM PST by exit82 ("The Taliban is on the inside of the building" E. Nordstrom 10-10-12)
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To: RoosterRedux

             

13 posted on 01/11/2013 6:41:48 PM PST by tomkat (HELL NO)
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To: RoosterRedux
Hey, no worries!! Sen. Clyburn sez they *cut* $$ from Medicare, put it in ObammyCare and it's going to create lots of jobs.

You can't make this stuff up.

14 posted on 01/11/2013 6:41:54 PM PST by Jane Long (Philippians 2:11)
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To: RoosterRedux
The Sultan of D.C. in The difference: What 40 Dollars Means

I guess that $40 is no longer needed? What a bunch of Horsesheet!

15 posted on 01/11/2013 6:44:04 PM PST by frogjerk (Obama Claus is coming to town!)
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To: CMailBag

“It was the most INSANE tax cut ever anyway.”

Exactly! It was initiated so that the 50% who pay no federal income tax (those who really DO NOT pay their fair share) could see a tax cut. Can’t cut income taxes to them so they cut something else that will appear like they get a tax cut.


16 posted on 01/11/2013 6:46:23 PM PST by Proud2BeRight
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To: RoosterRedux
Part of me is laughing at the sob stories. I'm willing to bet the people complaining the loudest about this are the ones who voted for this ass-hat, thinking he was going to "make the rich pay their fair share".

The joke's on you "low information life" voters! You didn't realize the Kenyan sees YOU as "the rich"!

17 posted on 01/11/2013 6:59:53 PM PST by YankeeReb
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To: frogjerk

It’s $25.00 per week and you’re right confiscating our guns is No. 1 on the things this jackoff is doing to us. A revolution is brewing. This coming from a quiet one who getting ready to stand.


18 posted on 01/11/2013 7:10:54 PM PST by 23 Everest (When seconds count. The police are just 23 minutes away. 831 Bonnie)
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To: RoosterRedux

A real speaker of the house, err, party leader, would have been in front of a microphone letting the nation know that their paychecks today, courtesy of 0bama, are lighter. Unbelievable...that’s the Stupid Party for you.
No waviness, no marketing ability, no leadership.


19 posted on 01/11/2013 7:18:15 PM PST by CincyRichieRich (Keep your head up and keep moving forward!)
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To: RoosterRedux

I would have posted hahahaha but instead I’ll just say haha. Just wait until the 15th when the bimontly payees get their checks. Even funnier will be the automatic deposit payees. Imagine calling to confirm your deposit only to find out the bank fairy shorted you!


20 posted on 01/11/2013 7:20:15 PM PST by ScoopAmma (We are led by the Resident -in Chief; aka part-time member of Webelo Troop 44)
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To: CincyRichieRich

savviness.


21 posted on 01/11/2013 7:21:13 PM PST by CincyRichieRich (Keep your head up and keep moving forward!)
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To: RoosterRedux

Conservatives knew what would come from the lying occupier, and I am sorry for conservatives.
But for the hussane voters out there:
You’ve been punked by your half-baked messiah—suck it up commies.
:)


22 posted on 01/11/2013 7:27:46 PM PST by two23
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To: two23

Those idiots voted for the bamboozlement. We all get to work harder for less while the ‘rich Bam’ and complicit Dems/RINO’s get raises from us taxpayers. Idiot voters did it to themselves and us included.
My paycheck takes a hit to fund their utter incompetence.
Let them feel their pain they caused us all.


23 posted on 01/11/2013 7:54:18 PM PST by tflabo (Truth or Tyranny)
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To: Bronzy

Hey, that was my paycheck you wrote that note on. Tell the boss I want a raise or I quit and go on assistance


24 posted on 01/11/2013 8:01:44 PM PST by gunsequalfreedom (Conservative is not a label of convenience. It is a guide to your actions.)
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To: Jeff Chandler

Obama’s fault... It’s the second term - even the effing New York Times has quit blaming Bush...


25 posted on 01/11/2013 8:08:20 PM PST by GOPJ (Obama GAVE guns to Mexican drug lords...Now he wants to TAKE our guns? It's wrong.)
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To: gunsequalfreedom

Yeah, right, I don’t think if you quit you go on assistance. It was a $10.00 an hour kid who worked 8.5 hours.


26 posted on 01/11/2013 8:08:45 PM PST by Bronzy
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To: RoosterRedux

It’s been a while since my husband was in business and we had to make payroll every week, but the corporation would match the FICA and Medicare tax and pay that to the government. I’m assuming that they will now be paying an increase (or maybe they have been held to the higher rate all along and just the employee was given a break).

Hopefully someone who is a small businessman will clarify this.

If the corporations have been paying the smaller rate this will affect their bottom line, new hiring, raises, etc.


27 posted on 01/11/2013 8:15:35 PM PST by Guardian Sebastian
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To: RoosterRedux

The dems are busy overthrowing the govt and all people notice is that they’re getting a few dollars less.


28 posted on 01/11/2013 8:52:58 PM PST by virgil
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To: RoosterRedux

“”Government do take a bite, don’t she?”


29 posted on 01/11/2013 8:59:01 PM PST by dfwgator
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To: Guardian Sebastian

Employers paid the existing rate. Skin came off the employee.


30 posted on 01/11/2013 9:55:25 PM PST by ScoopAmma (We are led by the Resident -in Chief; aka part-time member of Webelo Troop 44)
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To: Bronzy

That’s right. That’s me. And about those hours, 8.5 is not enough. I’m entitled. At least my teacher said I am. I need a raise and more hours and health care and you need to tell the boss to pay me more than I earn for him.


31 posted on 01/12/2013 1:41:40 AM PST by gunsequalfreedom (Conservative is not a label of convenience. It is a guide to your actions.)
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To: RoosterRedux
Wait till a bunch of these obammy voters find out they still have to pay for their healthcare. And pay more.
32 posted on 01/12/2013 4:02:40 AM PST by TangoLimaSierra (To the left the truth looks like Right-Wing extremism.)
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To: RoosterRedux

Hey Obama voters how’s the hope and changy thing working for you????


33 posted on 01/12/2013 4:23:02 AM PST by bikerman (What ever happens from now is all OBAMA's fault. Obama lied,economy died)
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To: bikerman

To all pin-headed,asshat, moonbat, moronic, uninformed, degenerate, loser nobama voters: BwaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaahahahahahahahaHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA. And I have a feeling that you “ain’t seen nothing yet”.


34 posted on 01/12/2013 7:19:26 AM PST by hal ogen (First Amendment or Reeducation Camp?)
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