How Much More Will Your Payroll Tax Be in 2013? | TigerDroppings.com
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CajunAngele
LSU Fan
Member since Oct 2012
14380 posts

How Much More Will Your Payroll Tax Be in 2013?

The Social Security tax withholding rate is expected to return to 6.2% after two years at 4.2%. So far neither party has expressed much interest in another extension.

For someone earning the 2011 median income of $50,054 that translates into $1,001.08 a year or about $40 less in a biweekly paycheck. Economists expect the increase will trim about 0.6 percentage point from growth in the first quarter of 2013.

To see how much more you will pay next year, input your annual pretax salary into the calculator and click “calculate.”


CajunAngele
LSU Fan
Member since Oct 2012
14380 posts

re: How Much More Will Your Payroll Tax Be in 2013?
So roughly $20 a week less in pay while all the mother frickers in government in both pathetic parties, got a pay raise.

I heard someone was introing a bill to stop their payraises.

YEAH RIGHT!!!


NC_Tigah
LSU Fan
Member since Sep 2003
56197 posts

re: How Much More Will Your Payroll Tax Be in 2013?
quote:

I heard someone was introing a bill to stop their payraises.
The budget deal just approved by Congress prevents the scheduled pay increase for members of Congress from going into effect in March.


Meauxjeaux
Memphis Fan
90112 posts including my alters
Member since Jun 2005
18691 posts

re: How Much More Will Your Payroll Tax Be in 2013?
That pay increase was just a faux throw away negotiating item o created to make it look like republicans got something out of the deal.

Genius.


CajunAngele
LSU Fan
Member since Oct 2012
14380 posts

re: How Much More Will Your Payroll Tax Be in 2013?
It's not genius when people are seriously struggling and are losing jobs and homes.

It's evil genius if he hates America.


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Layabout
UNO Fan
Baton Rouge
Member since Jul 2011
7697 posts

re: How Much More Will Your Payroll Tax Be in 2013?
quote:

For someone earning the 2011 median income of $50,054 that translates into $1,001.08 a year

That's household income. Individual income is about half of that.


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BestBanker
LSU Fan
stuck in a moment
Member since Nov 2011
3689 posts

re: How Much More Will Your Payroll Tax Be in 2013?
Did the employer's part also go away for this same time period? If so, my tax more than doubles on it's reengagement.


Layabout
UNO Fan
Baton Rouge
Member since Jul 2011
7697 posts

re: How Much More Will Your Payroll Tax Be in 2013?
quote:

Did the employer's part also go away for this same time period?

No, but self-employed people got the reduction on the employee share.


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tigeraddict
LSU Fan
Baton Rouge
Member since Mar 2007
4888 posts

re: How Much More Will Your Payroll Tax Be in 2013?
A little more then $2k for my wife and I


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UncleFestersLegs
Columbia MD
Member since Nov 2010
1709 posts

re: How Much More Will Your Payroll Tax Be in 2013?
quote:

The budget deal just approved by Congress prevents the scheduled pay increase for members of Congress from going into effect in March.


The pay freeze is a separate bill and will never get through the Senate.


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Quidam65
Florida Atlantic Fan
Q Continuum
Member since Jun 2010
9323 posts

re: How Much More Will Your Payroll Tax Be in 2013?
$78 a paycheck and I get paid every two weeks (or 26 times a year) so I will be out a little more than $2,000/year.


pleading the fifth
New Orleans Pelicans Fan
Member since Feb 2006
2064 posts
Online

re: How Much More Will Your Payroll Tax Be in 2013?
$189 monthly - the cap is still in place, right?


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Me
New Orleans Saints Fan
Omaha
Member since Oct 2003
2374 posts

re: How Much More Will Your Payroll Tax Be in 2013?
Just got my first pay stub. $55 more in taxes. They don't waste any time taking more out.


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udtiger
LSU Fan
Louisiana
Member since Nov 2006
28160 posts

re: How Much More Will Your Payroll Tax Be in 2013?
About 2300 more


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ForeverLSU02
Penn Fan
Albany
Member since Jun 2007
31147 posts

re: How Much More Will Your Payroll Tax Be in 2013?
Almost $80/paycheck (every 2 weeks). This blows


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jmarto1
LSU Fan
Houma, LA
Member since Mar 2008
15487 posts

re: How Much More Will Your Payroll Tax Be in 2013?
Did anyone else's OASDI go up? Mine went up $30/check which accounts for $90 a month for me before these new taxes.


CajunAngele
LSU Fan
Member since Oct 2012
14380 posts

re: How Much More Will Your Payroll Tax Be in 2013?


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CajunAngele
LSU Fan
Member since Oct 2012
14380 posts

re: How Much More Will Your Payroll Tax Be in 2013?
See my last post. This will be how Obama blames the republicans. He will say they did it, when it is what Obama wanted to do all along.


Zach
LSU Fan
Member since May 2005
68034 posts

re: How Much More Will Your Payroll Tax Be in 2013?
My wife's check just came in. $40 reduction ..paid twice a week = 82 per month = almost 1K per year.


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LSURussian
LSU Fan
Member since Feb 2005
85143 posts

re: How Much More Will Your Payroll Tax Be in 2013?
The payroll tax reduction should never have been passed in the first place. It had zero effect on improving the economy and it only made the medicare, medicaid and social security problems worse.
This post was edited on 1/3 at 11:52 am


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