Enjoy Your 2% Pay Raise!

[Mos Eisley]

I was looking at my paystub for this week online and noticed my net pay had jumped. I was not aware of any changes by the recent round of backscratching in Washington, I thought it was just going to stay the same. Well, Social Security witholding for those of us who gross less than $106,800.00 a year went down by 2%! Not a lot of money but equivalent to some pay raises I've had in the past. Just makes me wonder about the future (or current) ramifications of doing this.

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[foghorn918]

Wondering why they did that too, when we keep hearing that SS will run out of money especailly with all the baby boomers in the system and more on the way.

I'm sure we will all have to pay for it in the end.
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[KOPBET]

Dumbass Repubicans caved in on this during the Bush Era tax cuts renewal debate in December.

 

[soonersfan]

I was looking at my paystub for this week online and noticed my net pay had jumped. I was not aware of any changes by the recent round of backscratching in Washington, I thought it was just going to stay the same. Well, Social Security witholding for those of us who gross less than $106,800.00 a year went down by 2%! Not a lot of money but equivalent to some pay raises I've had in the past. Just makes me wonder about the future (or current) ramifications of doing this.

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Since it is only January 6, is there any chance your pay stub is for money earned in 2010?

 

[vvvvvvv]

...it's not a pay raise...

 

[inactive]

...it's not a pay raise...

True, but if I fully expect for that system to collapse before I reach retirement anyway, I surely don't want to pay into it now. I understand I'm not "paying in" for myself but supporting those currently on the program, but still... that's my principle.

I'm generally not a fan of "across the board" tax cuts (if they result in deficit spending, some do some don't... of course this is not an 'income' tax cute per se), but this I like!

Those receiving SS/Medicaid payments may disagree. How are we going to plug that donut hole we just filled with the Health Care plan?

 

[Glocktogo]

Bread & circuses folks.

 

[SMS]

Use the extra $$ a month to buy beans and bullets.

 

[dennishoddy]

Use the extra $$ a month to buy beans and bullets.

I'm holding off on the beans.....buying only whats necessary.....

 

[Grendel]

Actually, in addition to the 2% cut in taxes from the .gov, we found out yesterday that we won't have to take the last two furlough rays this year and that our pay will be restored accordingly (somethig like 2.5% I thnk). So now I'll finally be making what I did when I was hired more than two years ago