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Fiscal Cliff Agreement Summary

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So, how will everyone's paycheck look this week or next? More? Less? The same? Should be interesting. Saw that 2% reduction will hit due to raise in SS tax.

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I'll even vote for her in 20916!

 

I won't.

So, how will everyone's paycheck look this week or next? More? Less? The same? Should be interesting. Saw that 2% reduction will hit due to raise in SS tax.

 

Ouch :taz:

So, how will everyone's paycheck look this week or next? More? Less? The same? Should be interesting. Saw that 2% reduction will hit due to raise in SS tax.

 

:ohbrother: It wasn't a raise in the SS Tax, it was a return back to the normal original rate assigned by law.

:ohbrother: It wasn't a raise in the SS Tax, it was a return back to the normal original rate assigned by law.

 

Oh ok. Then we all don't mind that our take home pay on the next check will be less than the last. Cool...

Need to get Hilary well for the 20916 blasting she'll give em!

 

Beautiful

Oh ok. Then we all don't mind that our take home pay on the next check will be less than the last. Cool...

 

How'd our checks look people? Mine was short the amount of about a nice night out with my wife. Sorry local establishments...

Mine was less, but since I looked at the temporary reduction over the last couple years as a gift, I wasn't disappointed. I am not understanding why everyone is so upset about the tax reverting to it's normal rate....it was never presented as permanent. I'm happier that my income tax rates aren't going up, which is where it would have hurt the worst. Of course, had they reverted, I'd still be ok with it, as again...until this legislation made them permanent, they were meant to be temporary as well. But in the case of the payroll tax, that funds SS, so I definitely don't have a problem having that revert.

Mine was less, but since I looked at the temporary reduction over the last couple years as a gift, I wasn't disappointed. I am not understanding why everyone is so upset about the tax reverting to it's normal rate....it was never presented as permanent. I'm happier that my income tax rates aren't going up, which is where it would have hurt the worst. Of course, had they reverted, I'd still be ok with it, as again...until this legislation made them permanent, they were meant to be temporary as well. But in the case of the payroll tax, that funds SS, so I definitely don't have a problem having that revert.

 

I have a problem with SS in general.

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