Welcome to GGG, where we talk casual games, books, movies, recipes, indie games, and MORE!


    How the New Taxes Will Hit Us

    Share

    genkicoll

    Posts : 7435
    Join date : 2011-12-29
    Age : 43
    Location : Pacific Northwest

    How the New Taxes Will Hit Us

    Post by genkicoll on Mon Jan 07, 2013 2:19 pm

    From the Yahoo! Finance article
    Cracking the 2013 Tax Code
    :

    "For 2010-2012, the Social Security tax withholding rate on your salary was temporarily reduced from the normal 6.2% to 4.2%. If you’re self-employed, the Social Security tax component of the self-employment tax was reduced from the normal 12.4% to 10.4%. Last year, this so-called payroll tax holiday could have saved one person up to $2,202 or a working couple up to $4,404. Somewhat surprisingly, the new law does not extend the holiday through 2013. (For this year, the Social Security tax can hit up to $113,700 of salary or self-employment income.)"


    I know that my first paycheck this month had $30 less than I'm used to getting, and (since I get paid twice a month) $60 a month is quite a hit for us! I know I'm not the only one, not by a long shot. I shudder to think how those who don't know about this (tax) change will react when they get their first 2013 paycheck.



    _________________
    To the world you may be one person;
    but to one person you may be the world.
    The author of this message was banned from the forum - See the message

    genkicoll

    Posts : 7435
    Join date : 2011-12-29
    Age : 43
    Location : Pacific Northwest

    Re: How the New Taxes Will Hit Us

    Post by genkicoll on Mon Jan 07, 2013 7:05 pm

    Ouch


    _________________
    To the world you may be one person;
    but to one person you may be the world.

    Sponsored content

    Re: How the New Taxes Will Hit Us

    Post by Sponsored content Today at 10:36 pm


      Zoo Tek Phoenix

      Current date/time is Mon Sep 26, 2016 10:36 pm