Jump to content

Social Security tax increase?


Recommended Posts

I'm posting this here because I don't feel like a con vs lib/rep vs dem discussion on the matter.

Jon's most recent paycheck was $16 less than all the previous for a flat 80 hours. Comparing this one with the last 80 hour check showed that the entire $16 came from an increase in the FICA SS tax.

What's the factual story behind this tax increase, if you know? I'm not finding anything specific with a google search.

Thanks. If you want to have a political discussion about this, feel free to start your own thread in the appropriate forum.

Link to comment
Share on other sites

I'm posting this here because I don't feel like a con vs lib/rep vs dem discussion on the matter.

Jon's most recent paycheck was $16 less than all the previous for a flat 80 hours. Comparing this one with the last 80 hour check showed that the entire $16 came from an increase in the FICA SS tax.

What's the factual story behind this tax increase, if you know? I'm not finding anything specific with a google search.

Thanks. If you want to have a political discussion about this, feel free to start your own thread in the appropriate forum.

from what's been posted at my work, fica was lowered to 4.2% a while back, and now that the tax breaks are set to expire, it's going back to 6.2%.

that's what they're telling us at work anyway...

Link to comment
Share on other sites

  • 2 months later...

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Forum Statistics

    38.9k
    Total Topics
    820.2k
    Total Posts
  • Who's Online   0 Members, 0 Anonymous, 68 Guests (See full list)

    • There are no registered users currently online
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.