Even if the fiscal cliff deal (aka crap sandwich) is enacted, your payroll taxes will increase. Aren’t you excited?
Two bimbets on @msnbc don't know that payroll taxes go up for all earning less than $113k? Middle class got screwed. @msnbc @JoeNBC
— Mike (@Mty917) January 1, 2013
So excited for 2013 and the new blessings that will occur.. Not excited about the higher payroll taxes on EVERYONE…
— Eddie Loomis (@elsooner) January 1, 2013
Despite all the good news this morning. The expiring payroll tax cut means a HH with $50k income gets a $1000 increase in taxes annually.
— Dante Chinni (@Dchinni) January 1, 2013
So our payroll taxes increase by 2% and Obama says the middle class isn't affected. #cutthespending and stop increasing taxes WTF
— Jimmy George (@AllThreadMusick) January 1, 2013
Max Baucus says the tax deal approved by the Senate prevents an increase in tax rates for middle income Americans. It raises payroll taxes!
— Rick Kahler, MSFP, CFP®, CFT-I™, CCIM (@RickKahler) January 1, 2013
Something to keep in mind when the politicians blather on about “extending tax cuts to 98%” of Americans.