How pathetic is our federal government? More Taxes.

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S

Sonofanump

Jan 11, 2013 7:58 AM
Took a pay cut because these idiots wanted to keep the first of the month a federal holiday at Joe's Meat Shop. Load the Escalade full of the finest steaks guys! Birth another child that we need to take care of. Pathetic.
Jan 11, 2013 7:58am
ernest_t_bass's avatar

ernest_t_bass

12th Son of the Lama

24,984 posts
Jan 11, 2013 8:02 AM
Sonofanump;1363583 wrote:Took a pay cut because these idiots wanted to keep the first of the month a federal holiday at Joe's Meat Shop. Load the Escalade full of the finest steaks guys! Birth another child that we need to take care of. Pathetic.
Link?
Jan 11, 2013 8:02am
S

Sonofanump

Jan 11, 2013 8:11 AM
ernest_t_bass;1363586 wrote:Link?
Um, look at your paycheck.
Jan 11, 2013 8:11am
ernest_t_bass's avatar

ernest_t_bass

12th Son of the Lama

24,984 posts
Jan 11, 2013 8:12 AM
My first paycheck of the month (salary), and surprisingly, it's higher than my other comparable first paychecks of the months. I'm on bi-weekly.
Jan 11, 2013 8:12am
ernest_t_bass's avatar

ernest_t_bass

12th Son of the Lama

24,984 posts
Jan 11, 2013 8:20 AM
Not 100% accurate, my last statement. I had a little extra added into my check b/c of a side job, but it's not a big difference. I'll have to compare next check.
Jan 11, 2013 8:20am
ernest_t_bass's avatar

ernest_t_bass

12th Son of the Lama

24,984 posts
Jan 11, 2013 8:26 AM
Here's a money break down of my last 2 first-of-month paychecks:

+$55 on gross
~$2.30 FIT
~$.30 City
~$.43 Medicare
~$1.21 SIT
~$.41 OSDI (not sure what this one is)

All changes are increased.
Jan 11, 2013 8:26am
FatHobbit's avatar

FatHobbit

Senior Member

8,651 posts
Jan 11, 2013 8:31 AM
I looked at my bank account and my check was $60 more than usual, so I was kind of surprised. Then I got the paper check and I forgot I worked an extra 7 hours last week. So I have to wait to get home and compare the last two and see how much they took out.
Jan 11, 2013 8:31am
justincredible's avatar

justincredible

Nick Mangold

32,056 posts
Jan 11, 2013 10:02 AM
My wife and I combined are losing $2,000 in take home pay this year.
Jan 11, 2013 10:02am
Automatik's avatar

Automatik

Senior Member

14,632 posts
Jan 11, 2013 10:19 AM
It just made my decent raise turn out to be not so decent overall.

I'm already getting raped by taxes, fuck it take some more. :thumbdown:
Jan 11, 2013 10:19am
Belly35's avatar

Belly35

Elderly Intellectual

9,716 posts
Jan 11, 2013 10:25 AM
With my wife getting a increase in her salary three months ago she is back to almost last years salary
I however will be closing my business ( I think) ... not worth the frustration, personal commitment anymore.

I will take my early retirement SS, plus my Military disablity monthly payment = over $4000.00 tax free.
Work for a friend at $15,000 per year to stay under the SS $15,000.00 cap, but work out a deal for gas card and other payments under the table and use my other skills as personal additional income (cash only payment) should = to over $80,000 per year tax free and I could expand this to $100,000 plus with another idea I have (that I will not mention)
Jan 11, 2013 10:25am
sleeper's avatar

sleeper

Legend

27,879 posts
Jan 11, 2013 10:27 AM
I'd imagine most people who work(read: non-Democrats) are pretty pissed after receiving their first paycheck this year. Bush's fault. :thumbup:
Jan 11, 2013 10:27am
ernest_t_bass's avatar

ernest_t_bass

12th Son of the Lama

24,984 posts
Jan 11, 2013 10:29 AM
Belly35;1363762 wrote:With my wife getting a increase in her salary three months ago she is back to almost last years salary
I however will be closing my business ( I think) ... not worth the frustration, personal commitment anymore.

I will take my early retirement SS, plus my Military disablity monthly payment = over $4000.00 tax free.
Work for a friend at $15,000 per year to stay under the SS $15,000.00 cap, but work out a deal for gas card and other payments under the table and use my other skills as personal additional income (cash only payment) should = to over $80,000 per year tax free and I could expand this to $100,000 plus with another idea I have (that I will not mention)
Reported... to the IRS, MOFO!
Jan 11, 2013 10:29am
J

jmog

Senior Member

6,567 posts
Jan 11, 2013 10:43 AM
It's easy to figure out, take your yearly gross, multiply by 0.02 (2%) and that's how much less you will make this year than last year (ignoring any raises).

SS tax went back up by 2%.

If you make $50k, you are paying $1000 more in SS tax this year than last year.
Jan 11, 2013 10:43am
Raw Dawgin' it's avatar

Raw Dawgin' it

Just Ain't Care

11,466 posts
Jan 11, 2013 11:05 AM
We got a 3% raise to combat the 2% increase.
Jan 11, 2013 11:05am
G

gut

Senior Member

15,058 posts
Jan 11, 2013 11:42 AM
Raw Dawgin' it;1363778 wrote:We got a 3% raise to combat the 2% increase.
In the pre-Obama days, a 3% raise was called a "COL adjustment".

But the 2% we're talking about isn't a tax increase. It was a temporary stimulus allowed to lapse. I don't think it was particularly beneficial to the economy, but done to placate the working class with the extraordinary unemployment/welfare benefits being handed out.
Jan 11, 2013 11:42am
Q

queencitybuckeye

Senior Member

7,117 posts
Jan 11, 2013 11:57 AM
gut;1363813 wrote:In the pre-Obama days, a 3% raise was called a "COL adjustment".

But the 2% we're talking about isn't a tax increase. It was a temporary stimulus allowed to lapse. I don't think it was particularly beneficial to the economy, but done to placate the working class with the extraordinary unemployment/welfare benefits being handed out.
More semantics than any real difference. It's been in place long enough for people to reasonably consider this rate level to be status quo.
Jan 11, 2013 11:57am
sleeper's avatar

sleeper

Legend

27,879 posts
Jan 11, 2013 12:13 PM
gut;1363813 wrote:In the pre-Obama days, a 3% raise was called a "COL adjustment".

But the 2% we're talking about isn't a tax increase. It was a temporary stimulus allowed to lapse. I don't think it was particularly beneficial to the economy, but done to placate the working class with the extraordinary unemployment/welfare benefits being handed out.
3% is basically unheard of anymore. The fact that people even still get raises surprises me as I feel we are in a wage deflationary environment.
Jan 11, 2013 12:13pm
ernest_t_bass's avatar

ernest_t_bass

12th Son of the Lama

24,984 posts
Jan 11, 2013 2:54 PM
I'll have to come back to this thread, because insurance gets taken out of my next paycheck. That's when I'm sure I'll see the big changes.
Jan 11, 2013 2:54pm
believer's avatar

believer

Senior Member

8,153 posts
Jan 11, 2013 3:42 PM
jmog;1363771 wrote:It's easy to figure out, take your yearly gross, multiply by 0.02 (2%) and that's how much less you will make this year than last year (ignoring any raises).

SS tax went back up by 2%.

If you make $50k, you are paying $1000 more in SS tax this year than last year.
Basically me except my annual salary is closer to 70K. But - hey - I just got a 4% pay increase so I suppose after Barry & Co. up their "fair share" first from my raise and then they deduct the extra 2% FICA, I'll maybe net a cool 1% pay raise.

:thumbup:
Jan 11, 2013 3:42pm
G

gut

Senior Member

15,058 posts
Jan 11, 2013 9:07 PM
believer;1363993 wrote:Basically me except my annual salary is closer to 70K. But - hey - I just got a 4% pay increase so I suppose after Barry & Co. up their "fair share" first from my raise and then they deduct the extra 2% FICA, I'll maybe net a cool 1% pay raise.

:thumbup:
Like I said, I view this very differently from income taxes. This is social insurance. You are, theoretically, just deferring pay to yourself. That assumes, of course, that SS will be there in retirement.

But realistically SS will be reformed but never go away, I don't think, not as long as they can keep raising taxes and print money. Eventually we will just end-up with a shitty "socialist" economy like most of Europe. We may be very close, if we aren't there already (employment rates and economic growth would say we ARE there).
Jan 11, 2013 9:07pm
believer's avatar

believer

Senior Member

8,153 posts
Jan 11, 2013 9:54 PM
gut;1364125 wrote:Like I said, I view this very differently from income taxes. This is social insurance. You are, theoretically, just deferring pay to yourself. That assumes, of course, that SS will be there in retirement.

But realistically SS will be reformed but never go away, I don't think, not as long as they can keep raising taxes and print money. Eventually we will just end-up with a shitty "socialist" economy like most of Europe. We may be very close, if we aren't there already (employment rates and economic growth would say we ARE there).
I don't disagree.
Jan 11, 2013 9:54pm
G

gut

Senior Member

15,058 posts
Jan 12, 2013 2:23 AM
ccrunner609;1364157 wrote:\
on a 0% for 3 years and probably going to have to sign a contract for another 3 years of 0%
You can thank your union for selling out your raises to avoid layoffs like in the private sector.
Jan 12, 2013 2:23am
believer's avatar

believer

Senior Member

8,153 posts
Jan 12, 2013 7:41 AM
ccrunner609;1364157 wrote:\on a 0% for 3 years and probably going to have to sign a contract for another 3 years of 0%
Maybe if you could have negotiated a raise directly with your employer, you might have gleaned a little something for your efforts in the past few years. Unfortunately when it comes to unions, it's a one size fits all proposition.

But I'm sure the NEA has been placing calls to Barry & The Congressional Bozo Bunch to see if they can dream up some sort of "educational crisis" to justify a taxpayer-funded bailout for you. After all, never let a crisis go to waste.

Just be patient. ;)
Jan 12, 2013 7:41am
G

gut

Senior Member

15,058 posts
Jan 12, 2013 1:40 PM
ccrunner609;1364258 wrote:This 0% increase was a gesture to the community
Or in other words, quid-pro-quo for building a new school that creates jobs.

Just remember that job security is not free - you are subsidizing the jobs of the poor teachers that should be fired. Unless you're part of that 5% of deadweight, then unions are a great deal for you.
Jan 12, 2013 1:40pm
W

WebFire

Go Bucks!

14,779 posts
Jan 12, 2013 5:00 PM
ccrunner609;1364445 wrote:quit spewing talking points of the anti-union people. The standards that teachers are held to in the first 3 years of teachers almost guarantee that bad teachers are weeded out early.

I sat in meeting all day yesterday about the new state standards for teachers, schools and school report cards. It is very rigorous. There is no way a bad teacher will ever make it through.
:rolleyes:
Jan 12, 2013 5:00pm