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Did a tax break just expire?

Discussion in 'The Okie Corral' started by nam02G, Nov 9, 2012.

  1. nam02G

    nam02G First throwing ax bullseye.

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    I just got paid and noticed that my take home pay was about $60 less than last pay period. I'm on an every two week pay basis so each pay period is 80 hours. I compared pay statements and the Federal withholding increased by $50 and the Fed MED/EE and OASDI/EE both went up a couple dollars. Last December when one of the "Bush tax breaks" was set to expire there was a great deal of hoopla about it. If anything was said this time it was buried beneat the manure pile of campaign commercials.
     
  2. AtlantaR6

    AtlantaR6

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    Do you have a payroll department you can ask?
     

  3. nam02G

    nam02G First throwing ax bullseye.

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    I emailed them. No idea how long it will take to get a reply.
     
  4. JMS

    JMS 02

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  5. sheriff733

    sheriff733 NRA LIFE MEMBER

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    I wouldn't worry about it. Just a little "flexibility."
     
  6. VC-Racing

    VC-Racing General Flunky

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    I was asked that same question this AM by a good friend of mine. He got hit for $550 on a $1400 paycheck. I told him not that I was aware, but I'd call his boss .
     
  7. nam02G

    nam02G First throwing ax bullseye.

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    Dang, that's way more of a hit than I took.
     
  8. VC-Racing

    VC-Racing General Flunky

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    Yeah, I thought it was a bit much too. He's gonna call me when he gets a answer. I know once you break the $1000 mark, uncle o sama gets a bigger chunk.

    Outdoor Hub mobile, the outdoor information engine
     
  9. BamaBud

    BamaBud NRA Life Member

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    This is just the beginning. Osama and Pelosi timed the increases to start AFTER the election.

    Just wait until 2013, when the Obamacare hikes start to kick in!

    My accountant sent a list of all the tax hikes that will apply in 2013. It's sickening.
     
  10. BEANCOUNTER

    BEANCOUNTER Millennium Member

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    Does your employer deduct for health insurance? If so, see if that went up from your last check too.
     
    Last edited: Nov 9, 2012
  11. Jeremy_K

    Jeremy_K

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    I know the Fed employee healthcare is going up. One of the local ones here is a $60 per pay period increase. I have Blue Cross/ Blue Shield and it only went up a few bucks this year. This is the largest increase I've seen. I don't know for sure if it's because of Obamacare.
     
  12. JMS

    JMS 02

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    It's consistently gone up year after year.
     
  13. nam02G

    nam02G First throwing ax bullseye.

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    I got a reply back from the payroll department. I didn't expect to get one so soon. A couple weeks ago I was given what amounts to a bonus for doing a good job. It was all of $200, I was taxed on it since it was taxable income. So after taxes my $200 bonus amounts to $135 as my pay is almost exactly $65 less than normal. Maybe I'll get some of that back come time to file my return.
     
  14. Cmacc

    Cmacc

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    I think bonuses are taxed differently than regular wages (higher rate), I don't think your getting it back.
     
  15. Booker

    Booker

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    No worries, Uncle Obama is only "going to ask" you to pay a little more!
     
  16. Chuck TX

    Chuck TX CLM

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    Yeah, a whole lot did last Tuesday.

    Free stuff doesn't buy itself.