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re: Official 1st week of January paystub check-in: What was the damage?

Posted on 1/8/13 at 12:48 pm to
Posted by JonTheTigerFan
Central, LA
Member since Nov 2003
6784 posts
Posted on 1/8/13 at 12:48 pm to
quote:

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


Haven't looked at mine yet but I think our insurance went up some too.
Posted by TJG210
New Orleans
Member since Aug 2006
28335 posts
Posted on 1/8/13 at 1:22 pm to
Whoa.......I thought this was the Taxpayer Relief Act? Where in the frick is the relief if we are getting socked with lower paychecks?
Posted by ZereauxSum
Lot 23E
Member since Nov 2008
10176 posts
Posted on 1/8/13 at 1:56 pm to
We'll have a little more take home. We cut our flex spending by a third (jacked it up last year because we were expecting). So I should have an extra 100-200.

I'll also be getting a small raise, probably around 2% in March.
Posted by JonTheTigerFan
Central, LA
Member since Nov 2003
6784 posts
Posted on 1/8/13 at 2:36 pm to
Just looked and mine took a pretty big hit because I maxed out Social Security last year and wasn't paying toward the end of the year. This check, I paid in around $300 to Social Security whereas my last check of 2012, I didn't pay any.
Posted by TulaneUVA
Member since Jun 2005
25881 posts
Posted on 1/8/13 at 3:15 pm to
The SS is hitting me pretty good. Pretty much $2700 extra from last year.

Medical insurance isn't that much more. About $4 extra...
Posted by C
Houston
Member since Dec 2007
27816 posts
Posted on 1/28/13 at 8:19 am to
quote:

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


As promised. Figures are in % of monthly pay:
Pay 2013 2012
Withholding 11.9% 12.2%
SS 5.99% 4.07%
MedIns 3.15% 2.94%
Posted by VABuckeye
Naples, FL
Member since Dec 2007
35482 posts
Posted on 1/28/13 at 9:43 am to
quote:

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


$113,700 this year.

Mine went down by 6.2%. 2% plus I'm now at zero for the year so I'm back paying the other 4.2%. Hopefully I'll hit the cap early this year.
Posted by Tiger n Miami AU83
Miami
Member since Oct 2007
45656 posts
Posted on 1/28/13 at 10:15 am to
quote:

Mine went down the 2% for payroll tax and the company's insurance premiums went up $10/month.


This. no big deal. I got the extra 2% all last year and it is gone now as expected.

Tiny bump in insurance premiums that is irrelevant.
Posted by dagrippa
Saigon
Member since Nov 2004
11286 posts
Posted on 1/28/13 at 1:38 pm to
hope and change
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