Official 1st week of January paystub check-in: What was the damage?
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Official 1st week of January paystub check-in: What was the damage?
Posted by TulaneUVA on 1/8 at 9:48 am
Got a decent raise this year, and it's essentially all but vanished due to tax increases.

My SS tax went up $115 PER PAYCHECK. Witholding tax went up $110 PER PAYCHECK.

frick man.


This post was edited on 1/8 at 9:54 am

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Posted by MOT on 1/8 at 10:00 am to TulaneUVA
I'll find out Friday.


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Posted by SLafourche07 on 1/8 at 10:02 am to TulaneUVA
Mine went down the 2% for payroll tax and the company's insurance premiums went up $10/month.


How long did it take you to get to $150,000?

ETA: Unless you get paid weekly. Then...


This post was edited on 1/8 at 10:13 am

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Posted by lynxcat on 1/8 at 10:09 am to SLafourche07
Mine should only be the 2.0% SS increase. Health premiums may have increased slightly, but not too much.


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Posted by RickAstley on 1/8 at 10:19 am to TulaneUVA
My first check is next Tuesday. HR has already alerted the company of the increases before associates start raising hell about how much money is disappearing. I was pumped to get a raise, although it will be all but negated by tax increases.


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Posted by LordSnow on 1/8 at 10:49 am to RickAstley
$90 less deposited this check


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Posted by matthew25 on 1/8 at 10:52 am to LordSnow
To earlier poster: Why the reference to $150,000?


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Posted by rickgrimes on 1/8 at 10:58 am to TulaneUVA
$270. FML.


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Posted by SLafourche07 on 1/8 at 11:19 am to matthew25
quote:

To earlier poster: Why the reference to $150,000?


SS went up $115/check on his check.
Assuming biweekly pay: 26 checks a year.

115*26 = $2990

taxes were raised 2%:

2990/.02 = $149,500




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Posted by TulaneUVA on 1/8 at 11:28 am to SLafourche07
I am not making $150k/year, so not sure why the math doesn't work out. But it's in that range...


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Posted by SLafourche07 on 1/8 at 11:32 am to TulaneUVA
If you make more it's probably because of pretax insurance. If you make less, then I have no idea.


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Posted by TulaneUVA on 1/8 at 11:33 am to SLafourche07
It's less


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Posted by SLafourche07 on 1/8 at 11:35 am to TulaneUVA
Same. By about two-thirds.


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Posted by BROffshoreTigerFan on 1/8 at 12:00 pm to TulaneUVA
quote:

Got a decent raise this year, and it's essentially all but vanished due to tax increases.


Isn't it awesome making more but taking home less? I found out last week.



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Posted by RickAstley on 1/8 at 12:09 pm to BROffshoreTigerFan
quote:

Isn't it awesome making more but taking home less?


Yep, I had to cross off strippers and blow from my 2013 budget thanks to Uncle Sam. For those reading, pay raise does not mean strippers and blow. Essentially crushing, a very persistent dream, to be Charlie Sheen


This post was edited on 1/8 at 12:13 pm

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Posted by Chris4x4gill2 on 1/8 at 12:16 pm to RickAstley
My Ins went up about $30/2wks. I took out a larger chunk for Flex Spending (pre-tax) so even with the 2% SS increase I cam out only down $5 / 2wks - Once I add back what I can spend monthly in my Flex acccount.


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Posted by Vols&Shaft83 on 1/8 at 12:22 pm to lynxcat
Self employed, so I won't notice the increase until estimated payment time in April, preparing for the inevitable butt raping I'll endure from SS increase, it's gonna hurt.


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Posted by C on 1/8 at 12:23 pm to Chris4x4gill2
I could probably figure it out but my pay stub isn't coming till the end of the month. I'll bump this thread then and let you know the difference line by line.


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Posted by TigerintheNO on 1/8 at 12:26 pm to SLafourche07
quote:


If you make more it's probably because of pretax insurance. If you make less, then I have no idea


I believe the SS tax is on gross income, and is capped at 110K.



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Posted by RickAstley on 1/8 at 12:31 pm to Chris4x4gill2
Just going by my math I will pay $1700 more than last year for SS. Look at all of those big macs I won't get to eat


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