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WyBlog, the best thing about New Jersey since the invention of the 24 hour diner.
Chris Wysocki
Caldwell, NJ
The nine most terrifying words in the English language are "I'm from the government and I'm here to help." - Ronald Reagan
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Technorati and Me
Technorati is indexing me again! They had to make a code change to fix the problem with my blog getting stuck in their queue. Kudos to Eric M. and the guys at GetSatisfaction.com where they have "community powered support for Technorati".
Well, they're "sorta, kinda" indexing me anyway. It's on a 24 hour tape delay or something. So I never get picked up by Memeorandum because they pull from Technorati and Technorati has stuff I posted yesterday listed as my latest blog entry. And that's old news to Memeorandum.
Wankers.
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Friday, 04 January 2013
Memo from HR: Yes, your paycheck is smaller. No, it's not a mistake.
A friend forwarded this memo from his HR department:
Subject: 2013 Payroll Taxes
To: All Employees
Hello,
We have received a number of inquiries regarding changes to 2013 payroll taxes. As a company we must deduct payroll taxes as directed by the government. Our payroll provider has provided detailed information that you may use as you review your first paycheck of 2013. You can find this at the following link: http://www.adp.com/tools-and-resources/legislative-updates.aspx
Apparently a lot of people were complaining about their paychecks being unexpectedly smaller.
Here's the explanation from ADP:
The reduced 4.2% rate for employee Social Security taxes that was in effect for 2011 and 2012 has expired. The employee Social Security tax rate will return to 6.2% for 2013 wages up to the taxable wage limit of $113,700. Consequently, employees' net pay under the taxable wage limit will decrease accordingly. The maximum Social Security tax that an employee would pay will be $7,049.40 for 2013.
And as it turns out, workers making $30,000 will take a bigger hit on their pay than those earning $500,000!
Middle-class workers will take a bigger hit to their income proportionately than those earning between $200,000 and $500,000 under the new fiscal cliff deal, according to the nonpartisan Tax Policy Center.
Earners in the latter group will pay an average 1.3 percent more - or an additional $2,711 - in taxes this year, while workers making between $30,000 and $200,000 will see their paychecks shrink by as much as 1.7 percent - or up to $1,784 - the D.C.-based think tank reported.
Overall, nearly 80 percent of households will pay more money to the federal government as a result of the fiscal cliff deal.
Silly Obama voter, you believed Dear Leader when he said he gave you a tax cut.
Sucks to be you!
UPDATE 05 Jan 2013 11:24:
Linked by Doug Ross. Thanks!
Posted at 14:49 by Chris Wysocki
[/economy]
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