| Posted by | Message |
TulaneUVA 
Virginia Fan
Member since Jun 2005
16919 posts
| Official 1st week of January paystub check-in: What was the damage? (Posted on 1/8/13 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
|
| Back to top | Share on  |
MOT 
LSU Fan
Member since Jul 2006
10109 posts
 Online
| re: Official 1st week of January paystub check-in: What was the damage? (Posted on 1/8/13 at 10:00 am to TulaneUVA)
I'll find out Friday.
|
| Back to top | |
SLafourche07 
USA Fan
Member since Feb 2008
854 posts
| re: Official 1st week of January paystub check-in: What was the damage? (Posted on 1/8/13 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
|
| Back to top | |
lynxcat 
Rutgers Fan
Member since Jan 2008
13190 posts
| re: Official 1st week of January paystub check-in: What was the damage? (Posted on 1/8/13 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.
|
| Back to top | |
RickAstley
LSU Fan
Reno, Nevada
Member since May 2011
1288 posts
| re: Official 1st week of January paystub check-in: What was the damage? (Posted on 1/8/13 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.
|
| Back to top | |
LordSnow
LSU Fan
Afghanistan
Member since May 2011
2898 posts
| re: Official 1st week of January paystub check-in: What was the damage? (Posted on 1/8/13 at 10:49 am to RickAstley)
$90 less deposited this check
|
| Back to top | |
matthew25 
Ole Miss Fan
Member since Jun 2012
1513 posts
| re: Official 1st week of January paystub check-in: What was the damage? (Posted on 1/8/13 at 10:52 am to LordSnow)
To earlier poster: Why the reference to $150,000?
|
| Back to top | |
rickgrimes
LSU Fan
Member since Jan 2011
2761 posts
| re: Official 1st week of January paystub check-in: What was the damage? (Posted on 1/8/13 at 10:58 am to TulaneUVA)
$270. FML.
|
| Back to top | |
SLafourche07
USA Fan
Member since Feb 2008
854 posts
| re: Official 1st week of January paystub check-in: What was the damage? (Posted on 1/8/13 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
|
| Back to top | |
TulaneUVA
Virginia Fan
Member since Jun 2005
16919 posts
| re: Official 1st week of January paystub check-in: What was the damage? (Posted on 1/8/13 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...
|
| Back to top | |
SLafourche07
USA Fan
Member since Feb 2008
854 posts
| re: Official 1st week of January paystub check-in: What was the damage? (Posted on 1/8/13 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.
|
| Back to top | |
TulaneUVA
Virginia Fan
Member since Jun 2005
16919 posts
| re: Official 1st week of January paystub check-in: What was the damage? (Posted on 1/8/13 at 11:33 am to SLafourche07)
It's less 
|
| Back to top | |
SLafourche07
USA Fan
Member since Feb 2008
854 posts
| re: Official 1st week of January paystub check-in: What was the damage? (Posted on 1/8/13 at 11:35 am to TulaneUVA)
Same. By about two-thirds.
|
| Back to top | |
BROffshoreTigerFan
USA Fan
Youngsville
Member since Oct 2007
9135 posts
Online
| re: Official 1st week of January paystub check-in: What was the damage? (Posted on 1/8/13 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. 
|
| Back to top | |
RickAstley
LSU Fan
Reno, Nevada
Member since May 2011
1288 posts
| re: Official 1st week of January paystub check-in: What was the damage? (Posted on 1/8/13 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
|
| Back to top | |
Chris4x4gill2 
Alabama Fan
North Alabama
Member since Nov 2008
1492 posts
Online
| re: Official 1st week of January paystub check-in: What was the damage? (Posted on 1/8/13 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.
|
| Back to top | |
Vols&Shaft83 
Tennessee Fan
Member since Dec 2012
3129 posts
Online
| re: Official 1st week of January paystub check-in: What was the damage? (Posted on 1/8/13 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.
|
| Back to top | |
C
LSU Fan
The Woodlands, TX
Member since Dec 2007
17392 posts
Online
| re: Official 1st week of January paystub check-in: What was the damage? (Posted on 1/8/13 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.
|
| Back to top | |
TigerintheNO
LSU Fan
New Orleans
Member since Jan 2004
18909 posts
| re: Official 1st week of January paystub check-in: What was the damage? (Posted on 1/8/13 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.
|
| Back to top | |
RickAstley
LSU Fan
Reno, Nevada
Member since May 2011
1288 posts
| re: Official 1st week of January paystub check-in: What was the damage? (Posted on 1/8/13 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
|
| Back to top | |
