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Author: Subject: What's Up With Taxes?

Zen Peach





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  posted on 1/10/2013 at 10:31 PM
I could have sworn I've heard Obama say that taxes wouldn't go up on the middle class, but it looks like that's not going to be the case. At my work location the workers are not pleased. We're talking about folks that don't make a lot of money to start with and some barely scraping by as it is.

Today there was a semi-uproar when people went into the computer to see what their check payable on 1/15 would be. Big difference from 2012, so what the hell happened? I thought he promised to look after the middle class, then slaps a tax hike on them after repeating 587 times that wouldn't happen?

The fiscal cliff deal DID raise taxes on the middle class, not just the 1 or 2%. What a lying POS.

 
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World Class Peach



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  posted on 1/10/2013 at 10:47 PM
You're going to find out soon that his second term is not going to be anything like his first. "Wait until after the elections." was his key sentence to Senator Feinstein about re-introducing the "Assault Weapons Ban".

 

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Zen Peach



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  posted on 1/10/2013 at 11:07 PM
I think we may be getting an early glimpse. His main focus squarely on taxation and gun control.

Boy, what a centrist!

 

Ultimate Peach



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  posted on 1/10/2013 at 11:08 PM
According to Grover Norquist, an expiring tax holiday is not a tax increase. But on the bright side, those that mske between $250k and $450K get to keep their extra tax money, so you should be happy about that.
 

Zen Peach



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  posted on 1/10/2013 at 11:15 PM
I suspect that somebody hasn't seen their next paycheck yet. Come back and tell us there was no tax increase when the 15th rolls around, OK?

[Edited on 1/11/2013 by alloak41]

 

Ultimate Peach



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  posted on 1/11/2013 at 12:10 AM
quote:
I suspect that somebody hasn't seen their next paycheck yet. Come back and tell us there was no tax increase when the 15th rolls around, OK?

[Edited on 1/11/2013 by alloak41]


Oh, I've seen my now smaller paycheck. I was just making a point, which you completely missed. Had the tea party members on the House had their way and the fiscal cliff deal not passed, your check would have been even lower.

 

Maximum Peach



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  posted on 1/11/2013 at 02:06 AM
Isn't the only change for most the reinstatement of the regular employee SS rate of 6.2%?

Obama somehow convinced everyone that de-funding SS by taking 2% off that payroll tax was a good idea. Yeah; a good idea to help him get reelected.

Did everyone think that it would last forever? Given that SS is a pay-as-it-goes program, and it was $47 billion underfunded last year, did everyone just assume that they'd get someone else to pay for their retirement?

It was a stupid idea to start with (right up there with cash for clunkers). Too bad if folks didn't understand what was going on. Maybe they'll start paying some attention. Probably too late, but one can hope.

 

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  posted on 1/11/2013 at 06:55 AM
Did anyone compare previous paystubs to this one to see where the difference was?

I checked mine and the only difference I see is the SS increase.

 

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Maximum Peach



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  posted on 1/11/2013 at 08:00 AM
quote:
Did anyone compare previous paystubs to this one to see where the difference was?

I checked mine and the only difference I see is the SS increase.
Correct. We knew about this. Much ado...

 

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Peach Master



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  posted on 1/11/2013 at 09:15 AM
Ya all wanted change......now you can spoend what C H A N G E......you have left from your pay.
 

True Peach



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  posted on 1/11/2013 at 09:41 AM
quote:
Isn't the only change for most the reinstatement of the regular employee SS rate of 6.2%?

Obama somehow convinced everyone that de-funding SS by taking 2% off that payroll tax was a good idea. Yeah; a good idea to help him get reelected.

Did everyone think that it would last forever? Given that SS is a pay-as-it-goes program, and it was $47 billion underfunded last year, did everyone just assume that they'd get someone else to pay for their retirement?

It was a stupid idea to start with (right up there with cash for clunkers). Too bad if folks didn't understand what was going on. Maybe they'll start paying some attention. Probably too late, but one can hope.


Small nit...it wasn't a 2% change in the rate, it was 2 percentage points which equates to more like a 32% change in the rate (was 6.2%, temp decrease to 4.2%, and now back to 6.2%).

And anyone who was paying attention should have known this was coming.

 

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True Peach



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  posted on 1/11/2013 at 09:48 AM
quote:
quote:
Isn't the only change for most the reinstatement of the regular employee SS rate of 6.2%?

Obama somehow convinced everyone that de-funding SS by taking 2% off that payroll tax was a good idea. Yeah; a good idea to help him get reelected.

Did everyone think that it would last forever? Given that SS is a pay-as-it-goes program, and it was $47 billion underfunded last year, did everyone just assume that they'd get someone else to pay for their retirement?

It was a stupid idea to start with (right up there with cash for clunkers). Too bad if folks didn't understand what was going on. Maybe they'll start paying some attention. Probably too late, but one can hope.


Small nit...it wasn't a 2% change in the rate, it was 2 percentage points which equates to more like a 32% change in the rate (was 6.2%, temp decrease to 4.2%, and now back to 6.2%).

And anyone who was paying attention should have known this was coming.

And the same people who thought the payroll tax cut was a good thing will be complaining when their SS benefits are reduced or the retirement age is increased due to insufficient funding. This whole thing was a shell game.

 

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  posted on 1/11/2013 at 09:51 AM
quote:
quote:
Did anyone compare previous paystubs to this one to see where the difference was?

I checked mine and the only difference I see is the SS increase.
Correct. We knew about this. Much ado...


Incorrect. That's the first thing I did, and my Federal taxes witheld also went up.

 

True Peach



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  posted on 1/11/2013 at 09:57 AM
quote:
quote:
quote:
Did anyone compare previous paystubs to this one to see where the difference was?

I checked mine and the only difference I see is the SS increase.
Correct. We knew about this. Much ado...


Incorrect. That's the first thing I did, and my Federal taxes witheld also went up.


Check to make sure it is the the rate went up, rather than just the amount. My withholding also went up a bit, but it was because my taxable federal earnings went up due to a reduction in the amount of pretax withholdings (because of lower pre-tax health care insurance premium and me electing to reduce the amount of my pre-tax medical reimbursement account this year). So the rate of withholding for federal income taxes did not change for me even though the amount went up.




[Edited on 1/11/2013 by gondicar]

 

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  posted on 1/11/2013 at 09:59 AM
quote:
quote:
quote:
Did anyone compare previous paystubs to this one to see where the difference was?

I checked mine and the only difference I see is the SS increase.
Correct. We knew about this. Much ado...


Incorrect. That's the first thing I did, and my Federal taxes witheld also went up.

Either you're making a over $400K or the system has not caught up with the last minute changes.

(edit)...or as gondicar pointed out if your taxable income increased your withholding would increase.

[Edited on 1/11/2013 by bob1954]

 

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Maximum Peach



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  posted on 1/11/2013 at 10:00 AM
quote:
quote:
quote:
Did anyone compare previous paystubs to this one to see where the difference was?

I checked mine and the only difference I see is the SS increase.
Correct. We knew about this. Much ado...


Incorrect. That's the first thing I did, and my Federal taxes witheld also went up.
Bummer. Mine went down. As did my state withholding.

Dental plan went up $1.37. FVcking OBAMA!!!!!

 

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Zen Peach



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  posted on 1/11/2013 at 10:19 AM
quote:
quote:
quote:
quote:
Did anyone compare previous paystubs to this one to see where the difference was?

I checked mine and the only difference I see is the SS increase.
Correct. We knew about this. Much ado...


Incorrect. That's the first thing I did, and my Federal taxes witheld also went up.

Either you're making a over $400K or the system has not caught up with the last minute changes.

(edit)...or as gondicar pointed out if your taxable income increased your withholding would increase.

[Edited on 1/11/2013 by bob1954]


If the paycheck processing is being done by an outside vendor, I would agree with Bob. The company that is processing your checks is not current on tax rates and they should check with them.

 

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Zen Peach



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  posted on 1/11/2013 at 10:51 AM
That extra money would have come in handy. You know, for trivial stuff like funding retirement and child support. But I'm glad Washington will get the money instead, where it will be spent much more wisely than I could spend it.
 

True Peach



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  posted on 1/11/2013 at 10:56 AM
quote:
That extra money would have come in handy. You know, for trivial stuff like funding retirement and child support. But I'm glad Washington will get the money instead, where it will be spent much more wisely than I could spend it.


So what's the deal your the fed income tax withholding? Did you see an actual rate change? If so, and you are not in the $400k+ club, then you should talk to your employer as there may be an error.

As for the SS withholding, well that is (in theory) going to help fund your retirement.




[Edited on 1/11/2013 by gondicar]

 

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True Peach



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  posted on 1/11/2013 at 11:09 AM
quote:
quote:
That extra money would have come in handy. You know, for trivial stuff like funding retirement and child support. But I'm glad Washington will get the money instead, where it will be spent much more wisely than I could spend it.


So what's the deal your the fed income tax withholding? Did you see an actual rate change? If so, and you are not in the $400k+ club, then you should talk to your employer as there may be an error.

As for the SS withholding, well that is (in theory) going to help fund your retirement.
[Edited on 1/11/2013 by gondicar]

I think he's just being cynical to make a point. I'm pretty sure he knows all this. But I think he's making the wrong point. The real shame here is that a payroll withholding reduction was sold as a tax cut when in fact it never was. It's kind of like saying if you started paying $75 a month on your credit card balance instead of $100 month you got a pay increase when all you really did was put yourself further behind. The only real tax reductions are backed by spending reductons.

 

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Zen Peach



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  posted on 1/11/2013 at 11:13 AM
"If you make less than $250,000 your taxes won't go up a single dime."
 

Maximum Peach



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  posted on 1/11/2013 at 11:25 AM
“Let a prejudice be bequeathed, carried in the air, adopted by hearsay, caught in through the eye,–however it may come, these minds will give it a habitation; it is something to assert strongly and bravely, something to fill up the void of spontaneous ideas, something to impose on others with the authority of conscious right; it is at once a staff and a baton.”

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True Peach



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  posted on 1/11/2013 at 11:59 AM
This is the democrats version of "Read my lips ...".

 

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Zen Peach



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  posted on 1/11/2013 at 12:18 PM
quote:
quote:
Did anyone compare previous paystubs to this one to see where the difference was?

I checked mine and the only difference I see is the SS increase.
Correct. We knew about this. Much ado...
Same here ... I noticed the difference and was able to easily see where it was by looking at my paystub ... in the SS due to reinstatement of the regular tax rate. Sounds like most here are noticing the same, alloak. If you and your fellow employees have been subject to more taxation elsewhere and aren't above that $400,000 mark you really should contact human resources.

 

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Peach Extraordinaire



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  posted on 1/11/2013 at 12:19 PM
so is the claim that this is obama's tax plan? that congress passed exzacktly what obama proposed? that republicans were forced to vote for this?

this is a silly thread



[Edited on 1/11/2013 by LeglizHemp]

 
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