close

Privacy guaranteed - Your email is not shared with anyone.

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

    Messages:
    2,541
    Likes Received:
    1
    Joined:
    Oct 10, 2001
    Location:
    Sonora Desert Arizona USA
    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

    Messages:
    430
    Likes Received:
    0
    Joined:
    Jan 27, 2013
    Location:
    Colorado
    Didn't you hear? "Millionaires and Billionaires" now includes your nephew.
     

  3. stolenphot0

    stolenphot0 RTF2 Addict

    Messages:
    5,433
    Likes Received:
    31
    Joined:
    Jan 26, 2012
    Location:
    Kettering, OH
    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

    Messages:
    25,491
    Likes Received:
    7,027
    Joined:
    Oct 7, 2000
    Location:
    Bend Oregon

    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

    Messages:
    1,318
    Likes Received:
    48
    Joined:
    Jan 26, 2009
    Location:
    Florida
    Fica returned to its normal rate. This could have contributed.
     
  6. badge315

    badge315

    Messages:
    4,529
    Likes Received:
    929
    Joined:
    Aug 14, 2008
    Location:
    Middleburg, FL
    You can be pissed about the increase in taxes, but a 4% raise in this economy is pretty decent.
     
  7. airmotive

    airmotive Tin Kicker

    Messages:
    9,132
    Likes Received:
    2,549
    Joined:
    Nov 19, 2007
    Location:
    Debris Field
    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

    Messages:
    8,627
    Likes Received:
    182
    Joined:
    Dec 25, 2011
    Location:
    Florida
    he's getting taxed for obama care, it's for the illegals :wavey:
     
    Last edited: Jan 30, 2013
  9. .264 magnum

    .264 magnum CLM

    Messages:
    13,372
    Likes Received:
    1,033
    Joined:
    Dec 5, 2002
    Location:
    Dallas TX
    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

    Messages:
    4,965
    Likes Received:
    1,209
    Joined:
    Aug 13, 2004
    Location:
    far from home
    He got a raise, which is more than I can say for most of the people I know.
     
  11. Patchman

    Patchman Florist

    Messages:
    18,242
    Likes Received:
    3,983
    Joined:
    Jul 29, 2008
    Location:
    Land of Flora, Fauna & Merriweather
    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

    Messages:
    1,464
    Likes Received:
    0
    Joined:
    Mar 19, 2012
    Location:
    Apache, OK
    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!

    Messages:
    15,529
    Likes Received:
    1,244
    Joined:
    Dec 26, 2005
    Location:
    Land of Idiots and Libtards
    He got a raise? Wow... I haven't seen one of those in years!
     
  14. Gregg702

    Gregg702 Gold Member

    Messages:
    8,215
    Likes Received:
    327
    Joined:
    May 1, 2010
    Location:
    Las Vegas
    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

    Messages:
    47,215
    Likes Received:
    18,523
    Joined:
    Jan 16, 2005
    Location:
    Kentucky
    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

    Messages:
    7,676
    Likes Received:
    2,399
    Joined:
    Jul 26, 2005
    Location:
    San Joaquin Valley
    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

    Messages:
    8,795
    Likes Received:
    3,751
    Joined:
    Sep 10, 2002
    Location:
    Land of Lincoln, the growing years
    Says our resident Obama cheerleader.
     
  18. .264 magnum

    .264 magnum CLM

    Messages:
    13,372
    Likes Received:
    1,033
    Joined:
    Dec 5, 2002
    Location:
    Dallas TX
    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!

    Messages:
    15,529
    Likes Received:
    1,244
    Joined:
    Dec 26, 2005
    Location:
    Land of Idiots and Libtards
    [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

    Messages:
    1,344
    Likes Received:
    0
    Joined:
    Mar 18, 2007
    Location:
    Springfield, IL
    the hell is a raise?
    It's been years for me. years....