Is your "middle class" paycheck less these days?

[Lux Interior]

cbelt3 wrote:
[quote=Lux Interior]
[quote=cbelt3]
The 'cut' was only supposed to be temporary.

Where did you hear that nonsense?
Congress. Silly me for believing them ! :banghead:

http://thomas.loc.gov/cgi-bin/bdquery/z?d112:h.r.3630:
Just curious; do you ever read posts between the OP and your first post?

[cbelt3]

Sure.. I was beaten to the punch. Robert types faster.

[Lux Interior]

Robert types faster.

Well, let's hope that it only a temporary thing.

[GGD]

Ignoring the temporary change that expired, for people above certain income levels, their January paychecks are always less than their December checks, because Social Security (plus a few other deductions) have limits on how much income per year they are withheld from, so towards the end of the year the limit is reached and no Social Security is withheld from those later paychecks, but come January you start over again and those withholding start again.

This has been going on since Samintx was a child.

http://www.ssa.gov/planners/maxtax.htm

[cbelt3]

GGD-
Well, technically since she was out of her terrible two's. :biggrin:

[samintx]

Yep, well past the terrible two's when it began.

cbelt3 wrote:
GGD-
Well, technically since she was out of her terrible two's. :biggrin:

[hal]

hilarious!

[kj]

Might have been a good idea to extend them.

http://www.forbes.com/sites/igorgreenwal...oll-taxes/

[Dennis S]

They should have phased them back in.

[GGD]

Dennis S wrote:
They should have phased them back in.

They should have done it as a stimulus check instead of as a SS withholding adjustment, that way people would understand that it's not permanent.