Has anyone received a Paycheck (w-2) in 2013?

[Universal Elements]

If this is correct, I'm going to have some pissed off workers. I need to double check this, but I was looking at the numbers and it doesn't look good. If you make $125k a year and get payed every two weeks, the take home pay was just reduced by $400 a pay check. That's appx. $10,400 a year in cash. This can't be right, has to be a mistake! Anyone else encounter this? I thought only Social Security Tax went up from 4.2% to 6.2%?

 

[RitcheyRch]

I wont be surprised if that is the case.

I get my first paycheck this week. Not looking forward to seeing how much more in taxes I am paying

 

[Ultra28]

I thought social security maxed out at something like $5,500 a year.

 

[Tinkerer]

Yeah - being self employed I am going to lose 4% more to the government. My SS payment is more than the federal tax.

 

[caribbean20]

If this is correct, I'm going to have some pissed off workers. I need to double check this, but I was looking at the numbers and it doesn't look good. If you make $125k a year and get payed every two weeks, the take home pay was just reduced by $400 a pay check. That's appx. $10,400 a year in cash. This can't be right, has to be a mistake! Anyone else encounter this? I thought only Social Security Tax went up from 4.2% to 6.2%?

If you are comparing take home pay to check received in December '12 likely you had maxed out on your FICA deductions last year. Starting the new year full FICA deduction until max out again. Always the case for the new year, no FICA deduction in December, full deduction in January until you reach max FICA earnings again in '13.

 

[Universal Elements]

I thought social security maxed out at something like $5,500 a year.

Last year was based on income on $110k. Haven't checked this year. But I have noticed that everything went up from Fed, State, SS, Medicare & CA Disability.

 

[Universal Elements]

If you are comparing take home pay to check received in December '12 likely you had maxed out on your FICA deductions last year. Starting the new year full FICA deduction until max out again. Always the case for the new year, no FICA deduction in December, full deduction in January until you reach max FICA earnings again in '13.

I'm not looking at a specific paycheck between Dec 2012 & January 2013. I understand about the FICA deductions. I'm looking at a chart and comparing last year to this year and the FED taxes with the witholding went up tremendously and so did the CA income tax. I've been in biz many years, something does not look right.

 

[E4L]

I also heard you only get a 500 deduction for children now.

 

[J5Daytona]

Just got my first one today . take home on 1500.00 was 72.00 less x 52 thats 3744.00 more taken out this year ......grrrrr

 

[Universal Elements]

Just got my first one today . take home on 1500.00 was 72.00 less x 52 thats 3744.00 more taken out this year ......grrrrr

In Nevada, do you have state witholding taxes?

 

[RogerThat99]

I thought social security maxed out at something like $5,500 a year.

SS used to be charged on the for $30K earned (or somewhere close to that), they have raised the limit to $102k or $110K and they have talked about raising it again. These are all somewhat hidden as most people don't realize the difference when then SS stops being taken at $30K in earnings vs $110K in earnings, yet that equates to an additional $4,960 in taxes taken out of your check during the year. State Disability used to be charged on the first $7,500 earned...now it is at $110K also.

I used to review a lot of tax returns for people and you would be surprised how many people that think they don't pay taxes because they get a tax refund every year. The are shocked when you tell them that the government withheld $50K in taxes and they got a $5k refund so they paid $45K in taxes. The general public is brilliant.

 

[Boat 405]

Is anyone really surprised? He said he was going to raise taxes.. C'mon people did you forget what the majority voted for 2 months ago already? LOL

 

[rampgirlll]

Ok I'm not the majority, because I work nearly every day( with the exception of weekends and most Mondays and Fridays during race season)
Now I did notice my check a tiny bit light on Friday but now after reading this I am gonna go back and compare a January 2012 pay stub to my next one.
And y'all get to deduct 500 or more for kids? Making a mental note to adopt a kid this year. (One that can back a trailer)


Sent from somewhere in Texas!

 

[rivermobster]

This is a joke thread right? Or do you guys really not read the news???

It's all part of the fiscal cliff deal. Everyone's taxes went up.

Obama (or the media) wanted you to think that it was only gonna happen if you made over 250k and up. Stoopid fucks who voted for him passed this on to the rest of us.

Deal with it. It's done.

http://www.cnn.com/2013/01/02/politics/fiscal-cliff-5-things/index.html

Note item #5 ^^^

 

[Wicky]

Is anyone really surprised? He said he was going to raise taxes.. C'mon people did you forget what the majority voted for 2 months ago already? LOL

If the presidential election was held on April 16, things would be a lot different...

 

[djunkie]

I wouldn't know. I go exempt the first 2 months out of the year. LOL

 

[rivermobster]

Sometimes, watching a Democrat learn something is wonderful, like seeing the family dog finally sit and stay at your command.

Read more: ​

http://www.washingtontimes.com/news...hocked-angry-new-tax-increases/#ixzz2HMhATzI3
Follow us: @washtimes on Twitter​

 

[OCMerrill]

I am going to have a bunch of pissed off employees come Friday when their checks shrink.

They are simple thinkers that wont understand this as are allot of Americans.

 

[Carlson-jet]

I can't tell. I got another 2 wks Vac @ 12% and 2 days holiday this year so far. Next week should show what is what.

 

[copterzach]

Sometimes, watching a Democrat learn something is wonderful, like seeing the family dog finally sit and stay at your command.

Read more: ​

http://www.washingtontimes.com/news...hocked-angry-new-tax-increases/#ixzz2HMhATzI3
Follow us: @washtimes on Twitter​

Very well said.


Sent from my iPad
Aggie Class of '97

 

[Gramps]

paycheck????? what is this paycheck thing??

 

[RUNNINHOTRACING163.1]

Is anyone really surprised? He said he was going to raise taxes.. C'mon people did you forget what the majority voted for 2 months ago already? LOL

:thumbsup:thumbsup they voted for CHANGE and got it ..lol











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ITS A SKATER NATION !!!!!!!!!!!!!!!!!!!!!!!!!! :champagne :champagne

 

[530RL]

Geez, my unemployment check stayed the same and was extended for another 26 weeks.....arty2:

 

[460]

I'm sitting this one out

 

[Cole Trickle]

I'm sitting this one out

Lol....I hope your net check is 14.7% lower

Sent from my DROID RAZR HD using Tapatalk 2

 

[RUNNINHOTRACING163.1]

Geez, my unemployment check stayed the same and was extended for another 26 weeks.....arty2:

and a fresh 2013 Links card :thumbsup









ROCK ON !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
http://www.ebay.com/itm/LED-BOAT-DR...t=LH_DefaultDomain_0&var=&hash=item2c6a87c5ea

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ITS A SKATER NATION !!!!!!!!!!!!!!!!!!!!!!!!!! :champagne :champagne

 

[Paul65k]

If you are comparing take home pay to check received in December '12 likely you had maxed out on your FICA deductions last year. Starting the new year full FICA deduction until max out again. Always the case for the new year, no FICA deduction in December, full deduction in January until you reach max FICA earnings again in '13.

That would be about right........4.2% + 6.2% would work out to ~$10K annually....of course this is not the true difference in what will be paid in.....but the difference between NOT paying the 4.2% in December and adding the 6.2% in January (10.4% delta).

Good news is that $125K guy won't be paying into FICA next December either......unless of course Pelosi and her cronies get her way this year:grumble:

 

[Moody]

http://www.usatoday.com/story/life/people/2013/01/07/octomom-goes-back-on-welfare/1813873/

 

[milkmoney]

In Nevada, do you have state witholding taxes?

there is no state income tax on wages in nevada, one reason to keep my residents here, but then again, i dont make any money..

 

[rivermobster]

http://www.usatoday.com/story/life/people/2013/01/07/octomom-goes-back-on-welfare/1813873/

You know damm well she voted for him!!!

 

[530RL]

You know damm well she voted for him!!!

Hugo Chavez?

 

[rivermobster]

I'm sitting this one out

Pussy.

 

[OCMerrill]

Pussy.

He's in the $400k a year tax bracket. :thumbsup

 

[rivermobster]

He's in the $400k a year tax bracket. :thumbsup

Well that clears up a whole lotta questions!

 

[OCMerrill]

Well that clears up a whole lotta questions!

Yep Obama was his guy until now. He's hating on him pretty good past week.

 

[Boozer]

Here's why you need to keep paying more taxes.


http://www.riverdavesplace.com/foru...y-and-middle-class-poor&p=1299485#post1299485

 

[Bobby V]

If this is correct, I'm going to have some pissed off workers. I need to double check this, but I was looking at the numbers and it doesn't look good. If you make $125k a year and get payed every two weeks, the take home pay was just reduced by $400 a pay check. That's appx. $10,400 a year in cash. This can't be right, has to be a mistake! Anyone else encounter this? I thought only Social Security Tax went up from 4.2% to 6.2%?

Just talked to my owner. He has only seen the SS paper work increase so far. The 6.2% is where it was before the PR Holiday tax decrease took effect a few years ago.

http://blogs.wsj.com/economics/2013/01/01/payroll-tax-cut-expires-how-much-more-will-you-pay/

 

[Flyinbowtie]

Yup.
Wife's check went down $72 bucks, it'll be $140 a month.
Crazy seeing all the people freaking out on social media.
Apparently they've been hiding under a rock the last year...

 

[OCMerrill]

Yup.
Wife's check went down $72 bucks, it'll be $140 a month.
Crazy seeing all the people freaking out on social media.
Apparently they've been hiding under a rock the last year...

That's the 1/2 of the country the other half takes care of.

 

[Paul65k]

Just talked to my owner. He has only seen the SS paper work increase so far. The 6.2% is where it was before the PR Holiday tax decrease took effect a few years ago.

http://blogs.wsj.com/economics/2013/01/01/payroll-tax-cut-expires-how-much-more-will-you-pay/

Just wait until California get's thier act together and adjustes the State tax witholding there as well........damn glad I moved to AZ

 

[Duffster]

A lot of people will be shitting the bed due to the social security increase. Just when you think things are bad it's going to get much worse.

 

[RandyH]

Wait till health care is free for the takers and rates skyrocket.

 

[Sleek-Jet]

Wait till health care is free for the takers and rates skyrocket.

What do you mean wait? Our premiums were up 10% this year, and we are likely looking at solid double digit increases for a while, at least until the company drops us into the exchanges.

Oh, and the cap for 125k and HSA contributions pre-tax is $2500 now, which will mean about a $2500.00 increase in my taxable income next year.

 

[RitcheyRch]

News saying this morning that they are talking about TRIPLING our car license fees.:skull

Just wait until California get's thier act together and adjustes the State tax witholding there as well........damn glad I moved to AZ

 

[elcajones]

What do you mean wait? Our premiums were up 10% this year, and we are likely looking at solid double digit increases for a while, at least until the company drops us into the exchanges.

Oh, and the cap for 125k and HSA contributions pre-tax is $2500 now, which will mean about a $2500.00 increase in my taxable income next year.

The premiums for my HSA have gone up 45% in 18 months.

 

[pronstar]

The Government is only raising taxes on the rich.
That's what everyone voted for.

Problem is, they failed to read the fine print...anyone not on welfare is now classified as "rich".

News saying this morning that they are talking about TRIPLING our car license fees.:skull

That's what got Gray Davis fired, hopefully the same will happen to Moonbeam.

 

[Sleek-Jet]

The Government is only raising taxes on the rich.
That's what everyone voted for.

Problem is, they failed to read the fine print...anyone not on welfare is now classified as "rich".




That's what got Gray Davis fired, hopefully the same will happen to Moonbeam.

"The good news is O'bama is going to make the rich pay their fare share. The bad news is according to O'bama you're rich!" - PJ O'rourke

 

[was thatguy]

The premiums for my HSA have gone up 45% in 18 months.

Our BS of CA private policies have increased over 50% in 2 years.
Just got a notice of additional increase by March of another 10%.

This is exactly the effect desired by the WH. force everyone into Ocare.
One way or another.

 

[Universal Elements]

And Social Security is still going broke

Year Amount
1937-50 $3,000
1951-54 3,600
1955-58 4,200
1959-65 4,800
1966-67 6,600
1968-71 7,800
1972 9,000
1973 10,800
1974 13,200
1975 14,100
1976 15,300
1977 16,500
1978 17,700
1979 22,900
1980 25,900
1981 29,700
1982 32,400
1983 35,700
1984 37,800
1985 39,600
1986 42,000
1987 43,800
1988 45,000
1989 48,000
1990 51,300
1991 53,400
1992 55,500
1993 57,600
1994 60,600
1995 61,200
1996 62,700
1997 65,400
1998 68,400
1999 72,600
2000 76,200
2001 80,400
2002 84,900
2003 87,000
2004 87,900
2005 90,000
2006 94,200
2007 97,500
2008 102,000
2009 106,800
2010 106,800
2011 106,800
2012 110,100
2013 113,700

 

[Tommy Gun Images]

Yep, I've got a couple salary guys that are bummed their check is about $100 short.... Ahhhhh, change feels good :grumble: