The 2% deduction in fica was always meant to be temporary. the 'increase' is just getting it back to what it was 2 years ago.
Getting some sales early on, eh? PS: Received your recent e-mail. Thanks for that. That said, gonna have to place property shopping on hold for a bit. She has to work through some potential lease-based issues with a former commercial space proprietor. Sucketh.
My taxes went up 2%. There goes most of our disposable income. Gotta pay for Obamacare somehow. More tax increases to come...
I, for one, welcome our new insect overlords. The American people voted for Big Government. It's not unreasonable to be asked to pay for it. Time to pay your fair share!
The 2% is solely for Social Security. The 2010 act changed the employee's portion of social security from 6.2% to 4.2%. So you're just going back to "normal" levels, which covers only Social Security. The while I hate the effect of what it does for folks like you, BP...I posted earlier this year that for the amount of spending on Medicare and Medicaid to be paid solely by the taxes that are supposed to pay for it, those taxes would have to go up about 6-7 TIMES. So instead of the 1.45% you pay each paycheck for Medicare/Medicaid (~$36 per paycheck for a $2500 paycheck) it would have to be ~10%, or $250 per paycheck
Here's what I get to look forward to here in California for 2013: higher state income rates higher state sales tax rates higher employment tax rates additional 3.8% investment income "surtax". But it's great. I wasn't paying enough already. I'm sure the government will be much more efficient with that money than I would have been. They know what I need.
Yeah, but would you really want to live elsewhere? That's the zinger, most other places with lower tax rates or non-fuckedupness, I wouldn't want to live there....
