if you were to lose 40-70 a paycheck, how serious would that affect you?
Posted by Anonymous
- 428 Replies
Effective January 1st, if nothing is done to fix it..we reach our fiscal cliff and taxes on everyone goes up..tax credits for 2013 will be smaller and becuae of changes to the payroll tax and a raise in social security payments, paychecks will be smaller by about 40-70 range.
Posted by Anonymous on Nov. 10, 2012 at 12:25 AM
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by
Ruby Member
on Nov. 10, 2012 at 12:56 AM
I only get paid once a month so not that much. Im sure there are people who feel differently though.
by Anonymous - Original Poster
on Nov. 10, 2012 at 12:58 AM
I think in 2008 or so? Obama extended it once.
Quoting Luna091306:When was the cut originally made? I know it was sometime under Bush.
Quoting Anonymous:
They are calling it a hike. And many people probably forgot about it. I know I did and just got use to my paycheck. I will be fine but I know many people wont. Especially with how much everything costs.
Quoting Crazy-Steph:
It's not really a hike, though. People should have known it was temporary.
Quoting Anonymous:
For a middle class family earning about 40k it would be a 2000 dollar tax hike
by
Mary
on Nov. 10, 2012 at 1:00 AM
Not horrifically (sp?) , but it would make things a wee bit tighter.
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by
Silver Member
on Nov. 10, 2012 at 1:01 AM
This.
Quoting tennisgal:I would be royally PISSED but it wouldn't make or break us.
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by
Member
on Nov. 10, 2012 at 1:05 AM
My dh gets paid once a month so we would be ok. He also gets VA disability from serving overseas and that's all tax free.
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by
Crystal
on Nov. 10, 2012 at 1:13 AM
Yeah honestly I'm not too excited about it. :(
Quoting Anonymous:
I think in 2008 or so? Obama extended it once.
Quoting Luna091306:
When was the cut originally made? I know it was sometime under Bush.
Quoting Anonymous:
They are calling it a hike. And many people probably forgot about it. I know I did and just got use to my paycheck. I will be fine but I know many people wont. Especially with how much everything costs.
Quoting Crazy-Steph:
It's not really a hike, though. People should have known it was temporary.
Quoting Anonymous:
For a middle class family earning about 40k it would be a 2000 dollar tax hike
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