Fierce Critter Posted January 6, 2012 Posted January 6, 2012 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.
torn asunder Posted January 6, 2012 Posted January 6, 2012 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...
Fierce Critter Posted January 6, 2012 Author Posted January 6, 2012 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... Ok. This makes sense. Thank you.
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