Exactly what increased???

[getbent]

Did we just loose the tax break for Social Security? Did health insurance go up, what about any other taxes we'll see in our paycheck? TIA.

[SamSpade]

To the best of my knowledge, most of us only experienced the 2% increase in Social Security taxes.

I myself experienced others, such as a lower ceiling on DCFSA's, which results in higher taxes - and of course, higher health premiums. And for some reason, federal employees didn't have FSA's taken out on the first paycheck, so now it's getting spread out over the rest of the year. Sucks to see your first paycheck lowered and know it's gonna be worse the rest of the year.

[bcp (Premo)]

SSI went up along with Insurance premium.

between my wife and I it was over 300 a month less in pay.

[Password]

Payroll tax holiday expired. Prior to president Obama getting elected, we all paid 6.2% tax to Social Security. After his election, a democrat in the house (MN I think) proposed a payroll tax holiday, lowering that SS tax to 4.2% temporarily. It was scheduled to expire, and did so at the end of 2012. So now we are back to paying 6.2%. I don't think it had anything to do with the fiscal cliff.

In short, everyone is paying 2% more.

[kwillia]

My mom is retired and receives social security and her check is less by just under $100 because her contribution to medicare has gone up.

I wonder if all those seniors who fell for the Democratic spiel feel silly now?

[chuckster]

Originally Posted by kwillia

I wonder if all those seniors who fell for the Democratic spiel feel silly now?

I hope that they, and everybody else, wakes up to what the "Redistribution King" is doing to our country.

[Aerogal]

you get what you vote for. The rest of us just get taken along for the ride.

[getbent]

So, then the 2% towards SS and health insur. premiums?

[Aerogal]

Originally Posted by Password

Payroll tax holiday expired. Prior to president Obama getting elected, we all paid 6.2% tax to Social Security. After his election, a democrat in the house (MN I think) proposed a payroll tax holiday, lowering that SS tax to 4.2% temporarily. It was scheduled to expire, and did so at the end of 2012. So now we are back to paying 6.2%. I don't think it had anything to do with the fiscal cliff.In short, everyone is paying 2% more.

Are you serious?! Just so you know - the payroll tax cuts (otherwise known as the Bush tax cuts) were agreed to by the democrats on the premise that they EXPIRE and taxes would return to previous levels. There were no provisions to decrease spending. They are the ones that coined the phrase fiscal cliff so many years ago and planned on it's coming. They also counted on short memory of WHO initiated the tax increases so they could point the finger at the republicans. Why do you think Reid has avoided passing a budget? So he could blame GOP/conservatives for the mess.

[MarieB]

Tax brackets? I'm not sure if they have changed