Happy New Year and happy payday! Thank goodness our “lord and savior” Obama signed the fiscal cliff bill into law after proudly proclaiming, “Under this law, more than 98 percent of Americans and 97 percent of small businesses will not see their income taxes go up.”
While PolitiFact will likely rate Obama’s statement “Mostly Swoon,” around 70 percent of Americans are going to pay more taxes in 2013. If you like your payroll taxes (and even if you don’t), you can keep them and pay two percent more than you did in 2012.
Earlier this week, many Americans realized the “fair share” fiscal cliff deal didn’t seem so fair. One Democratic Underground commenter was a little behind yesterday and was shocked — shocked! — to learn that the fiscal cliff crapwich didn’t extend the payroll tax holiday. (They don’t call ’em DUmmies for nothing.)
“What happened?” he asked. “My paycheck just went down by an amount that I don’t feel comfortable with. I guarantee this decrease will hurt me more than the increase in income taxes will hurt those making over $400,000.”
How’s that class warfare working out for ya, pal?
Yep, elections have consequences, and here’s how all those cries of “Eat the rich!” are working out:
As the first pay period of 2013 comes to a close, employers are being forced to ring in the new year by explaining why their employees’ checks are smaller.
Indeed, some employees are baffled by their shrinking paychecks.
American workers are feeling the pain, and it’s definitely not just the rich.
And you know whose fault that is, right?
Of course. But there may be one silver lining in all of this:
It seems many more Americans are simply baffled by the change in their paychecks.
How many voted their way to a smaller paycheck?