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RocPin
Life's Beachy <3
Member since 2/08 6765 total posts
Name:
Heather
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Re: Payroll Tax increase...how will it impact you?
I saw a $57 decrease in my check....So approx $115 a month and a tad more for DH...so..... a total of approx $250 a month. That blows!
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Posted 1/10/13 12:53 PM  |
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BeachGal
LIF Adult
Member since 2/10 2827 total posts
Name:
J
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Re: Payroll Tax increase...how will it impact you?
Posted by BeachGal
I am afraid to look at my pay stub but regardless of the extra tax it wont impact me or my lifestyle. After my next raise this summer I am going to assume that it will make up for all or a good portion of it.
I still havent looked at my paycheck so I am not sure how significant but I am also realizing that the combined impact of my DH's check also is going to hurt. I am getting really depressed over this. I will get a raise this summer but it would be nice to get ahead and not end up with the same net amount.
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| Posted 1/10/13 1:37 PM |
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racheK
Hudson's Momma
Member since 10/10 2853 total posts
Name:
Rachel
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Re: Payroll Tax increase...how will it impact you?
About $100 less per paycheck...
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| Posted 1/10/13 2:35 PM |
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JandJ1224
Member since 6/06 5911 total posts
Name:
Jannette
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Re: Payroll Tax increase...how will it impact you?
It won't effect my family too much. It will hurt my sisters who are single moms that are barely able to get by as is.
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| Posted 1/10/13 3:24 PM |
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Blu-ize
Plan B is Now Plan A
Member since 7/05 32475 total posts
Name:
Susan
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Re: Payroll Tax increase...how will it impact you?
I don't get paid until Jan 15th. I'll let you know.
Should be 2% less, no?
I also increased my FSA, decreased my 401(k) temporarily and I heard the transit benefit changed.
Get my calculator!
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| Posted 1/10/13 3:32 PM |
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gdubs
This baby is awesome!
Member since 11/10 2467 total posts
Name:
Gina
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Payroll Tax increase...how will it impact you?
I just got paid today and it was about $115 less including the slight increase in medical benefits, DH gets paid on the 15th so we'll see what his is but being that I get paid bi-weekly it's going to work out to about $250/month. On the upside my raise doesn't get processed until the next pay period so I should end up slightly ahead. DH's raise doesn't go through until 4/1 so we should be back to where we started from. It sucks mainly because obviously I would rather have that money than not but it isn't going to kill us or change our spending habbits.
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| Posted 1/10/13 3:33 PM |
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gdubs
This baby is awesome!
Member since 11/10 2467 total posts
Name:
Gina
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Re: Payroll Tax increase...how will it impact you?
Posted by Blu-ize
I don't get paid until Jan 15th. I'll let you know.
Should be 2% less, no?
I also increased my FSA, decreased my 401(k) temporarily and I heard the transit benefit changed.
Get my calculator!
I completely forgot about that... I maxed out depedent care and FSA so that is another $7500... and I'm only seeing a slight decrease in my check... I'm not going to pretend I understand paycheck deductions  Maybe it bumped me down into the next lowest tax bracket?
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| Posted 1/10/13 3:36 PM |
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JDubs
different, not less
Member since 7/09 13160 total posts
Name:
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Re: Payroll Tax increase...how will it impact you?
just got my check today. i am making $35 less per paycheck. So basically its like I never got a raise..(i only get like a 2% raise each year, no bonus or anything). In combination between me and DH its $270 less a month. 
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| Posted 1/11/13 8:43 AM |
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neener1211
:-)
Member since 4/07 22952 total posts
Name:
J
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Re: Payroll Tax increase...how will it impact you?
This made my bills due for tomorrow short, so now I have DH running around today moving money from one bank to another.
Message edited 1/15/2013 11:15:50 AM.
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| Posted 1/11/13 8:58 AM |
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maymama
my little loves
Member since 8/08 18453 total posts
Name:
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Re: Payroll Tax increase...how will it impact you?
awesome, -$53.27 biweekly! DH should be about the same. I wonder if this will affect my commission too?
So we are looking at at least $210.00 per month - gone. peanuts right? whats another tax. and then another. and then one or two more.
Message edited 1/11/2013 9:04:56 AM.
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| Posted 1/11/13 9:04 AM |
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Onemoretime
LIF Adult
Member since 9/12 1077 total posts
Name:
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Re: Payroll Tax increase...how will it impact you?
Posted by maymama
awesome, -$53.27 biweekly! DH should be about the same. I wonder if this will affect my commission too?
So we are looking at at least $210.00 per month - gone. peanuts right? whats another tax. and then another. and then one or two more.
Message edited 1/15/2013 5:58:46 PM.
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| Posted 1/11/13 9:25 AM |
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JenniferEver
The Disney Lady
Member since 5/05 18163 total posts
Name:
Jennifer
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Re: Payroll Tax increase...how will it impact you?
Posted by maymama
awesome, -$53.27 biweekly! DH should be about the same. I wonder if this will affect my commission too?
So we are looking at at least $210.00 per month - gone. peanuts right? whats another tax. and then another. and then one or two more.
For the 60000000000th time. It's NOT "Another tax" It's the SAME tax you've been paying for decades before it went on a "holiday" which was NEVER been able to be permanent.
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| Posted 1/11/13 9:36 AM |
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maymama
my little loves
Member since 8/08 18453 total posts
Name:
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Re: Payroll Tax increase...how will it impact you?
Posted by JenniferEver
Posted by maymama
awesome, -$53.27 biweekly! DH should be about the same. I wonder if this will affect my commission too?
So we are looking at at least $210.00 per month - gone. peanuts right? whats another tax. and then another. and then one or two more.
For the 60000000000th time. It's NOT "Another tax" It's the SAME tax you've been paying for decades before it went on a "holiday" which was NEVER been able to be permanent.
it doesnt matter, less money is LESS money which hurts no matter how you spell it.
glad you are enjoying the the 2% increase. And I haven't been paying into anything for decades. When was the last time this "tax" was not on "holiday?"
add this to increased health insurance premiums. increased property and school taxes. NO raise in years. cost of living skyrocketing (gas, food, water, electric, daycare) its all gravy baby 
Message edited 1/11/2013 9:59:37 AM.
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| Posted 1/11/13 9:56 AM |
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ItsaJoya19
my cup runneth over
Member since 1/10 2949 total posts
Name:
E
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Re: Payroll Tax increase...how will it impact you?
Posted by olive98
Its 2% so if u make $100k its $2000 a year or $38.46 a week. This was a temp cut anyway so no one should have been depending on it
Can someone explain why my DH just called and said his check was $60 less for the week? So it'll be $240 less a month...
There is no way DH makes $100k+ ...We do our taxes together. I know what he makes.. and at $60 a week that would mean he makes OVER 100k...there is NO WAY - he had 14 weeks of furlough this year. even at full employment he would barely make 100k..
Help? lol
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| Posted 1/11/13 11:02 AM |
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ElizaRags35
My 2 Girls
Member since 2/09 20494 total posts
Name:
Me
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Re: Payroll Tax increase...how will it impact you?
Posted by ItsaJoya19
Posted by olive98
Its 2% so if u make $100k its $2000 a year or $38.46 a week. This was a temp cut anyway so no one should have been depending on it
Can someone explain why my DH just called and said his check was $60 less for the week? So it'll be $240 less a month...
There is no way DH makes $100k+ ...We do our taxes together. I know what he makes.. and at $60 a week that would mean he makes OVER 100k...there is NO WAY - he had 14 weeks of furlough this year. even at full employment he would barely make 100k..
Help? lol
Have him compare his paystub to a previous one to find out where the differences are.
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| Posted 1/11/13 11:04 AM |
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JenniferEver
The Disney Lady
Member since 5/05 18163 total posts
Name:
Jennifer
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Re: Payroll Tax increase...how will it impact you?
Posted by maymama
Posted by JenniferEver
Posted by maymama
awesome, -$53.27 biweekly! DH should be about the same. I wonder if this will affect my commission too?
So we are looking at at least $210.00 per month - gone. peanuts right? whats another tax. and then another. and then one or two more.
For the 60000000000th time. It's NOT "Another tax" It's the SAME tax you've been paying for decades before it went on a "holiday" which was NEVER been able to be permanent.
it doesnt matter, less money is LESS money which hurts no matter how you spell it.
glad you are enjoying the the 2% increase. And I haven't been paying into anything for decades. When was the last time this "tax" was not on "holiday?"
add this to increased health insurance premiums. increased property and school taxes. NO raise in years. cost of living skyrocketing (gas, food, water, electric, daycare) its all gravy baby
I'm definitely sorry for all that and I know it sucks, but I think language matters. Saying "another tax" and especially "what's another tax and another?" makes it sound like this is a tax that has been added and that the government is just adding on taxes and taxes. There are SO many people who are looking at their paychecks today who don't understand why it's gone down, and I don't want to add to that confusion. The truth is that it's a tax that maybe not you personally, but that the working public has been paying at 6.2% rate for I don't know how long but for 2 years we paid it at a 4.2% rate and now it's going back to 6.2%. It's not a tax hike, it's not part of the fiscal cliff and it's not a new tax
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| Posted 1/11/13 11:06 AM |
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