Beware your first 2013 paycheck

[The King]

I thought I heard they were extending the bush tax cuts for now?

The Social Security payroll tax holiday wasn't a Bush tax cut. It was a creation of obammy.

[mikec]

This article has all kinds of neat charts showing the impact.

"Workers making $30,000 will take a bigger hit on their pay than those earning $500,000 under new fiscal deal"

Middle-class workers will take a bigger hit to their income proportionately than those earning between $200,000 and $500,000 under the new fiscal cliff deal, according to the nonpartisan Tax Policy Center.

Earners in the latter group will pay an average 1.3 percent more - or an additional $2,711 - in taxes this year, while workers making between $30,000 and $200,000 will see their paychecks shrink by as much as 1.7 percent - or up to $1,784 - the D.C.-based think tank reported.

Overall, nearly 80 percent of households will pay more money to the federal government as a result of the fiscal cliff deal.

http://www.dailymail.co.uk/news/article-2256972/Middle-earners-hit-hardest-revealed-workers-making-30-000-bigger-hit-earning-500-000-new-fiscal-deal.html

[A+]

We the tax payers have to pay for his high dollar vacation somehow.

we have to pay for all these motherfuckers vacations! So it something around $600 a year for people who make 30k, right. You guys with the sand in yalls vag, how do you think i feel?! Im the 2%

[Chopped54]

If you are making $250k a year it should effect your paycheck by about $415 a month.

Now for DFWMs its going to be about $1660 a month for a majority of its members....

Wife did payroll today. It's several house payments worth.

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Damn, how much is your house payment, $400????

[helosailor]

Yep, if the shortage of this paycheck holds, I'll be around $2100 light this year.

[Broncojohnny]

We all have to support the Ponzi scheme called social security.

[asphaltjunkie]

This shit blows. I make a ballin' 7.25/hr, I took home @$271 last week with 39hrs....this week, same amount of hours, WITH 8hrs of holiday pay, my check was only @$281. 10 more fucking dollars. Are you fucking kidding me? My taxes jumped from %10 to %22!! I was paying %22 back when I was making $14/hr....this shit makes no sense. Guess I need to go sign up to drive a train so I won't have to worry about this kind of crap

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[dcs13]

Gotta pay for that 99 weeks on unemployment or the "newly" disabled... THink of it like you adopted one of those folks..that should make you feel better.

[emg]

I was wondering why my check was $140 smaller than I expected.

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[SonicblueGT03]

Another 10% raise FTMFW! Should offset that tax increase nicely. And since I'm turning 50 this year, I get to take advantage of the "Catch Up" 401k contribution. Bring on the pre-tax deductions.

[snacksnack]

Wife did payroll today. It's several house payments worth.

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Well if her math is anything like yours I hope you have someone else go over it!

[TEAMJACOB]

I thought I heard they were extending the bush tax cuts for now?
oh and
"its time for the rich to pay their fair share" only raising taxes on the rich my ass. I'd like obama to legally stick his chin out for me so I can lawfully sock him in the jaw for being a gawt damn liar

[kingjason]

My last damn day was around the 20th and I cashed out a lot of sick and vacation hours. I guess since the last check is going to hit tonight I got screwed on this deal. Not sure how the hell they are going to tax me on last years earnings but I here this is happening. I am ok with it going back to where it was. I never really understood the cut since SS has been in trouble for years but I just don't get how it went straight into effect on last years earnings. Am I wrong on this or did I earn that money on last years tax rates?

[1carcrazyguy]

We the tax payers have to pay for his high dollar vacation somehow.

We have not even started on the fuel bill for Hillary yet. That ol' girl has some miles on her.

[brandon01rt]

We the tax payers have to pay for his high dollar vacation somehow.