My nephew just got a 4% raise at the end of 2012

Discussion in 'The Okie Corral' started by akapennypincher, Jan 30, 2013.

  1. akapennypincher

    akapennypincher Glock-O-Holic

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    His company had another good year, and the employees were REWARDED with a 4% COLA/RAISE.

    He just got his first full paycheck for 2013. He told me he is taking home less, per check than in 2012:steamed:.

    Think this is a very prime example of taxing the rich per OMAMA.

    BTW the kid make less than 50K/Year, and is not rich by any stretch of the word.
     
  2. Jeffrey Lebowski

    Jeffrey Lebowski Not a golfer

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    Didn't you hear? "Millionaires and Billionaires" now includes your nephew.
     

  3. stolenphot0

    stolenphot0 RTF2 Addict

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    Does he pay part of his own healthcare coverage? My old boss told me last week that if I were still employed there, that my premiums would have nearly doubled this year. $335 to $618
     
  4. FLIPPER 348

    FLIPPER 348 Bigfoot enthusiast enthusiast

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    Ya' know, for all the fox news y'all watch one would think you would be better informed. Threads such as this make GTers look pretty stupid.
     
  5. dherloc

    dherloc X-Nuc

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    Fica returned to its normal rate. This could have contributed.
     
  6. badge315

    badge315

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    You can be pissed about the increase in taxes, but a 4% raise in this economy is pretty decent.
     
  7. airmotive

    airmotive Tin Kicker

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    Expiration of the Social Security payroll tax relief.
    The tax rate is going back to what it was before the recession.
    It's a win/win for the government. They get a tax increase on the middle class while telling everyone they're not raising taxes.

    Now, to be honest...the middle class is where the money is at.
    You can take 100% of the income of the top 5%, and it won't put a dent in the federal budget. But take 5% of the income of the other 95% of the population, and you're talking a ****load of money.
     
  8. ca survivor

    ca survivor

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    he's getting taxed for obama care, it's for the illegals :wavey:
     
    Last edited: Jan 30, 2013
  9. .264 magnum

    .264 magnum CLM

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    My tax atty. and CPA says the same is he FOS too? This guy has been an atty for 40 years and a CPA for 39. Maybe we can arrange a conference call and you can tell him he does not know what he is talking about?

    His specific relevant points are taxes are going up now due to the 2% SS thing and Obamacare and next year will be far worse.
     
  10. Mrs.Cicero

    Mrs.Cicero Wayward Member

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    He got a raise, which is more than I can say for most of the people I know.
     
  11. Patchman

    Patchman Florist

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    4-percent raise for one year is not bad. But when was the last time he and the co-workers got a raise?

    If it was just last year, then they're doing great!


    Welcome him to the reality of 2013... and beyond. :supergrin:
     
  12. kensb2

    kensb2 pistol n00b

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    I got a promotion to the job I was already doing (basically they were paying me less to do the same job) which came with a small raise, and I also got a separate raise of 2% based on performance. I believe my paycheck is about $10 less. I kept all my 401K and SPP etc the same.
     
  13. Glock20 10mm

    Glock20 10mm Use Linux!

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    He got a raise? Wow... I haven't seen one of those in years!
     
  14. Gregg702

    Gregg702 Gold Member

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    Him getting less has nothing to do with "taxing the rich". Everyone had a slight increase in taxes this year, my check went down $50 every 2 weeks. There were a bunch of threads about it early in the year.
     
  15. Bren

    Bren NRA Life Member

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    Wow, that would be bigger than any 2 combined cost of living raises KY state employees have gotten in the last 10 years.
     
  16. HarlDane

    HarlDane

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    The end of the SS tax decrease is the only change in Fed. income taxes. If the guy's 4% raise more than disapeared, it wasn't an "example of taxing the rich per OMAMA".
     
  17. norton

    norton

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    Says our resident Obama cheerleader.
     
  18. .264 magnum

    .264 magnum CLM

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    I'm not talking about the OP per se.

    Again, I just had lunch with a tax atty/CPA. - you are welcome to join the conference call with Flipper et al.

    ETA ask your payroll dept about the per head fee due this year. And the various buried associated Obamacare costs they have it plan for and recoup now. Do it now.
     
    Last edited: Jan 30, 2013
  19. Glock20 10mm

    Glock20 10mm Use Linux!

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    [January 7, 2013]

    The new tax legislation that Congress approved on Jan. 1, 2013, and President Obama recently signed may affect the 2013 federal income tax withholding on your paychecks.

    The tax rate will go up for individuals earning $400,000 or more a year and for families making $450,000 or more. All rates reflect the annually inflation-adjusted income brackets.

    Campus is updating its payroll system to start withholding at the new tax rates before the Feb. 15, 2013, deadline set by the Internal Revenue Service. The new tax rates will be reflected in paychecks issued on or after Feb. 15.

    Because Congress did not pass the legislation until the early part of January, Campus is using the 2012 federal tax rate schedule to process payroll for paychecks issued prior to Feb. 15.

    However, paychecks issued on or after Jan. 1 reflect two other tax changes:

    The employee share of OASDI (Social Security), which reverted from 4.2 percent to the historical rate of 6.2 percent on Jan. 1.
    Increases in 2013 California income tax rates for some earners due to passage in November of Proposition 30, Governor Brown's income and sales tax initiative.

    Note that paychecks issued in 2013 also reflect any changes in your benefits such as insurance premium increases or changes in flexible spending account contributions.
     
  20. Krigloch

    Krigloch BACONEER

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    the hell is a raise?
    It's been years for me. years....