So I have noticed my checks this year are for less money than last year..?

[Red Omega]

Could some one more educated tell me why?

Hearing something about a tax increase, I dont keep up with politics.

 

[606onit]

same w/ me....actually since I got a raise it was mainly FLAT....I get paid $2 more each check. Basically a tax-holiday was done and we're back at some normal rate.....I dunno how to explain it tho. Im a marketing major.

Payroll tax holiday expires after fiscal cliff negotiations fail to extend Social Security tax reduction.

 

[tru_m.a.c]

2% increase in SS

 

[Red Omega]

im seeing 25 less a week. is this an obama thing?

 

[Red Omega]

anyone?

 

[JasonSJackson]

******s

 

[Mowgli]

You maxed out on social security toward the end of 2012 so you got more money on your check. Its a new year, and you are paying back into SS.

 

[Mr210]

man u guys are idiot, everyone was paying the payroll tax of 4.2 % the last 2-3 years, well it was a temporary thing and congress decided not to renew it so it went back to the normal rate of 6.2%. So depending on how much you make your paycheck will be smaller, for example my paycheck is about $75 smaller, but im about to get a raise and i get constant OT, so I wont really miss that $75

 

[Ohene]

man u guys are idiot,

 

[Born2BKing]

My 2 week check is about 80 dollars shorter. That's groceries for damn near 3 weeks for me.