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-   -   Wow, not one thread on the 47% increase in Payroll Social Security Tax (https://gfy.com/showthread.php?t=1095665)

Minte 01-08-2013 06:14 PM
The enthusiasm you Obamatrons have for giving the federal government more of your hard earned money is very curious.

BareBacked 01-08-2013 06:25 PM
Quote:
Originally Posted by 12clicks (Post 19415897)
I just laugh at the bottom cheering the tax increases on their betters.
They're too dumb to realize that the bell tolls for them too.
This effects only the "betters" ?

xNetworx 01-08-2013 06:33 PM
Quote:
Originally Posted by epitome (Post 19415650)
Oh it was hard to tell.

On a household making $50k a year it's about a $500 difference. One less iPad and they're good to go. If someone is making $50k and having a hard time making ends meet well ... they have bigger problems.
In most major cities 50k before taxes doesn't make life easy for a person unless they are very frugal. For a family of 3 or more, it makes it hard to get by.

Tofu 01-08-2013 06:35 PM
Quote:
Originally Posted by blackmonsters (Post 19415687)
Yeah like a Trillion $s spent on recent wars had no effect.

:1orglaugh
http://i47.tinypic.com/2djx72o.jpg

DTK 01-08-2013 06:35 PM
Quote:
Originally Posted by L-Pink (Post 19415836)
But try stealing something cheap from a convenience store ?..


.
There's a two-tier "justice" system in this country.

Dvae 01-08-2013 06:41 PM
Quote:
Originally Posted by epitome (Post 19415837)
So if soup goes on sale for a week at 50% off and then goes back to its regular price, you call that a price increase?
Let me get this straight the Bush tax cuts were a tax increase when the expired but the Obama payroll tax is not a tax increase when it expired.
What kind of screwy thinking is this?

12clicks 01-08-2013 06:44 PM
Quote:
Originally Posted by BareBacked (Post 19415926)
This effects only the "betters" ?
No. That's the beauty of it. Watching the rabble cheer for their own demise knowing they don't know it.

RKLover 01-08-2013 07:31 PM
There are three kinds of lies. Lies, damn lies and statistics. GFY

The 2% Payroll Tax Holiday was not extended. The rate went from 4.2% back to 6.2%

The Dividend Tax rate was increased from 15% to 20%. There was a time (before Bush) when that was taxed as ordinary income. We can call that a 33% increase in taxes for the sake of sensationalism, but it's still only a 5% recovery against cuts that had no positive effect for the majority of Americans.

Fat Panda 01-08-2013 07:47 PM
the employer doesnt pay shit on their employees behalf FICA is factored into employees wage/salary. basically all working slaves pay 15% flat tax to the govt on first $113,700

Rochard 01-08-2013 07:49 PM
Quote:
Originally Posted by weewilly (Post 19415636)
Not an increase. They did not renew the stimulus package and SS rate went back up to normal rate
What I really love is the so called tax breaks. It's a temp tax break that we'll pay for later on.

keysync 01-08-2013 07:49 PM
50 Obama Taxes going UP!

epitome 01-08-2013 08:04 PM
Quote:
Originally Posted by Dvae (Post 19415950)
Let me get this straight the Bush tax cuts were a tax increase when the expired but the Obama payroll tax is not a tax increase when it expired.
What kind of screwy thinking is this?
The Bush tax cuts were temporary in nature in that they had to keep being renewed. Only idiots call the expiration of something temporary an increase. If I recall it is your kind that was running around calling them an increase. I've always made the same argument... Temporary does not equal perpetual.

L-Pink 01-08-2013 08:28 PM
Quote:
Originally Posted by SAC (Post 19416048)
the employer doesnt pay shit on their employees behalf FICA is factored into employees wage/salary. basically all working slaves pay 15% flat tax to the govt on first $113,700
Actually the employer matches all FICA payroll deductions of employees. The full amount is only paid by self employed.

.

Dvae 01-08-2013 08:46 PM
Quote:
Originally Posted by epitome (Post 19416065)
The Bush tax cuts were temporary in nature in that they had to keep being renewed. Only idiots call the expiration of something temporary an increase. If I recall it is your kind that was running around calling them an increase. I've always made the same argument... Temporary does not equal perpetual.
Technically both are an increase. Ask those who see more being taken out of their paychecks if it was an increase.

Barefootsies 01-08-2013 09:01 PM
Quote:
Originally Posted by Dvae (Post 19416108)
Ask those who see more being taken out of their paychecks if it was an increase.
Propaganda.

Fat Panda 01-08-2013 09:10 PM
Quote:
Originally Posted by L-Pink (Post 19416085)
Actually the employer matches all FICA payroll deductions of employees. The full amount is only paid by self employed.

.
employers factor in what they have to pay on your behalf into your wage/salary

if an employer has a $50000 budget for a new employee, he/she will make $46511

(above example just includes FICA theft and not other taxes/benefits, he'she would probably make $40000 or less)

epitome 01-08-2013 09:10 PM
Quote:
Originally Posted by Dvae (Post 19416108)
Technically both are an increase. Ask those who see more being taken out of their paychecks if it was an increase.
Just because someone wants to see it one way doesn't mean that's what it is.

HandballJim 01-08-2013 09:17 PM
Quote:
Originally Posted by epitome (Post 19415650)
Oh it was hard to tell.

On a household making $50k a year it's about a $500 difference. One less iPad and they're good to go. If someone is making $50k and having a hard time making ends meet well ... they have bigger problems.
depends where you live, with only $50k I would need to move back to the Bronx.

The tax change is costing me and my wife about 3k out of our take home pay this year :mad:

L-Pink 01-08-2013 09:20 PM
Quote:
Originally Posted by SAC (Post 19416142)
employers factor in what they have to pay on your behalf into your wage/salary

if an employer has a $50000 budget for a new employee, he/she will make $46511

(above example just includes FICA theft and not other taxes/benefits, he'she would probably make $40000 or less)
I owned a retail business for over 20 years with 30-40 employees. I hated matching the taxes every other week, label it what you want it costs the small business owner X every payroll not the employee. A rare employee is the one who realizes the employer is paying him 7.5% more than his check shows.

.

Rat King 01-08-2013 11:22 PM
Quote:
Originally Posted by Minte (Post 19415902)
The enthusiasm you Obamatrons have for giving the federal government more of your hard earned money is very curious.
Obamatrons! I love that. Very in to politics but never heard that one.

sandman! 01-08-2013 11:32 PM
California is fucked by local taxes way before anything else.

no state is more fucked then California :2 cents::2 cents:



Quote:
Originally Posted by seeric (Post 19415647)
Right. Maybe I should have been more clear. The point was, just when the middle class can't take any more beating, they kick them again when their down. Not sure where all of you live, but in California there are lots of folks barely making ends meet. This is going to really hammer them. It is an increase that the layman did not expect and from the looks of the social networks today, folks did not expect it to happen.

Just saying.

baddog 01-08-2013 11:36 PM
Quote:
Originally Posted by epitome (Post 19415650)
If someone is making $50k and having a hard time making ends meet well ... they have bigger problems.
Really? How big of a household should 50k sustain? In what state?

Joshua G 01-09-2013 12:02 AM
Quote:
Originally Posted by baddog (Post 19416276)
Really? How big of a household should 50k sustain? In what state?
in states like texas & the deep south, where housing sells for dirt (in MO, AR & OK you can get a low end house for 30-40K) 50K is like upper middle class. octomom could live in luxury in little rock on 50K. the problem of course, is living in little rock.

baddog 01-09-2013 12:08 AM
Quote:
Originally Posted by JoshGirls Josh (Post 19416296)
in states like texas & the deep south, where housing sells for dirt (in MO, AR & OK you can get a low end house for 30-40K) 50K is like upper middle class. octomom could live in luxury in little rock on 50K. the problem of course, is living in little rock.
How big of a household?

looky_lou 01-09-2013 12:28 AM
Quote:
Originally Posted by HandballJim (Post 19416150)
depends where you live, with only $50k I would need to move back to the Bronx.

The tax change is costing me and my wife about 3k out of our take home pay this year :mad:
But don't worry. This is not a tax increase. :Oh crap


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