Originally Posted by Tom.Jay61
Bend over, here it comes again.... more money confiscated from your paycheck to be pissed away by the federales...
WASHINGTON (AP) — While the tax package that Congress passed New Year's Day will protect 99 percent of Americans from an income tax increase, most of them will still end up paying more federal taxes in 2013.
That's because the legislation did nothing to prevent a temporary reduction in the Social Security payroll tax from expiring. In 2012, that 2-percentage-point cut in the payroll tax was worth about $1,000 to a worker making $50,000 a year.
Read more: http://www.nydailynews.com/news/nati...#ixzz2H1ITi1kG
I don't have a problem with it. And I will be hit with the max, something like $2200. I thought it was stupid then and I think its stupid now to expect it to continue. Should have never been taken from Social Security anyway. The system is broke and their cutting the contribution?
Thats not to say I am not pissed with the way they piss away money. We need to get our fiscal house in order. I just think taking away from Social Security was stupid. They are going to end up raising the contributions soon. Maybe not for all but people like me who max out every year. Which in all honesty if I thought it would make a difference I wouldn't mind. But after the holiday we just had with the 2% reduction is just wrong.