Tax question

[cajun_64]

Not sure if this is the right place for this, if not, mods please move.

I have been looking, searching and emailing. but have yet to get an answer.

First pay check of the year, I noticed more federal taxes coming out of my check.
Myself, and everyone I know also got back less taxes on our return from last year.

Now I understood the Bush tax cuts only went away on the top 0.5%

I know we had events such as the fiscal cliff deal, and probably more I am unaware of.
So why doesn't anyone publish this information? I personally think it is a big dea. Does any one else?

Does anyone else know wth?

 

[JadeRaven]

Payroll tax holiday went away.

 

[seabee1974]

Did you get that little sample of vasiline with your check???

 

[SVTFreak]

Even though your "taxes" the didn't change, your social security went up 2% and another part went up almost the same amount. Resulting in, basically, a 4% tax increase for everyone.

Even for the Democrats core voter base. But, of course, they blame the Republicans and bush....

 

[JWG223]

Not sure if this is the right place for this, if not, mods please move.

I have been looking, searching and emailing. but have yet to get an answer.

First pay check of the year, I noticed more federal taxes coming out of my check.
Myself, and everyone I know also got back less taxes on our return from last year.

Now I understood the Bush tax cuts only went away on the top 0.5%

I know we had events such as the fiscal cliff deal, and probably more I am unaware of.
So why doesn't anyone publish this information? I personally think it is a big dea. Does any one else?

Does anyone else know wth?

I'm paying roughly $120/mo more in to FICO, based on what I see on my pay-checks. I didn't check over the rest of it with a fine-toothed comb, but that went from $140/2 weeks to $200/2 weeks.

 

[cajun_64]

I,m not speaking of payroll

I am talking at federal income tax


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[JWG223]

I,m not speaking of payroll

I am talking at federal income tax


Sent from my iPad using Tapatalk HD

Dunno then, I don't make enough to pay taxes quarterly, still struggling around the 6-figure entry point, sorry.

 

[deepsouthshooter]

I believe that the Federal Income tax rate increased in 2013 (in addition to the end of the payroll tax holiday)

This was a quick cut and paste, so apologies for crappy formatting. Hope this helps

2013 tax rates:

Rate	Single Filers	Married Joint Filers	Head of Household Filers
10%	$0 to $8,925	$0 to $17,850	$0 to $12,750
15%	$8,925 to $36,250	$17,850 to $72,500	$12,750 to $48,600
25%	$36,250 to $87,850	$72,500 to $146,400	$48,600 to $125,450
28%	$87,850 to $183,250	$146,400 to $223,050	$125,450 to $203,150
33%	$183,250 to $398,350	$223,050 to $398,350	$203,150 to $398,350
35%	$398,350 to $400,000	$398,350 to $450,000	$398,350 to $425,000
39.6%	$400,000 and up	$450,000 and up	$425,000 and up

2012 Rates

Rate Married Filing Jointly Single

10% Bracket	$0 – $17,400	$0 – $8,700
15% Bracket	$17,400 – $70,700	$8,700 – $35,350
25% Bracket	$70,700 – $142,700	$35,350 – $85,650
28% Bracket	$142,700 – $217,450	$85,650 – $178,650
33% Bracket	$217,450 – $388,350	$178,650 – $388,350
35% Bracket	Over $388,350	Over $388,350

 

[returningliberty]

Dunno then, I don't make enough to pay taxes quarterly, still struggling around the 6-figure entry point, sorry.

Lol never heard those two words in the same sentence before. "Struggling" "6-figure".

 

[JWG223]

Lol never heard those two words in the same sentence before. "Struggling" "6-figure".

I meant struggling to get legitimately into the 6-figure range.

 

[JWG223]

I believe that the Federal Income tax rate increased in 2013 (in addition to the end of the payroll tax holiday)

This was a quick cut and paste, so apologies for crappy formatting. Hope this helps

2013 tax rates:

Rate	Single Filers	Married Joint Filers	Head of Household Filers
10%	$0 to $8,925	$0 to $17,850	$0 to $12,750
15%	$8,925 to $36,250	$17,850 to $72,500	$12,750 to $48,600
25%	$36,250 to $87,850	$72,500 to $146,400	$48,600 to $125,450
28%	$87,850 to $183,250	$146,400 to $223,050	$125,450 to $203,150
33%	$183,250 to $398,350	$223,050 to $398,350	$203,150 to $398,350
35%	$398,350 to $400,000	$398,350 to $450,000	$398,350 to $425,000
39.6%	$400,000 and up	$450,000 and up	$425,000 and up

2012 Rates

Rate Married Filing Jointly Single

10% Bracket	$0 – $17,400	$0 – $8,700
15% Bracket	$17,400 – $70,700	$8,700 – $35,350
25% Bracket	$70,700 – $142,700	$35,350 – $85,650
28% Bracket	$142,700 – $217,450	$85,650 – $178,650
33% Bracket	$217,450 – $388,350	$178,650 – $388,350
35% Bracket	Over $388,350	Over $388,350

Well, this sucks. I wonder what the minimum cost of a marriage and divorce are between two like-minded consensual parties.

 

[cajun_64]

I believe that the Federal Income tax rate increased in 2013 (in addition to the end of the payroll tax holiday)

This was a quick cut and paste, so apologies for crappy formatting. Hope this helps

2013 tax rates:

Rate	Single Filers	Married Joint Filers	Head of Household Filers
10%	$0 to $8,925	$0 to $17,850	$0 to $12,750
15%	$8,925 to $36,250	$17,850 to $72,500	$12,750 to $48,600
25%	$36,250 to $87,850	$72,500 to $146,400	$48,600 to $125,450
28%	$87,850 to $183,250	$146,400 to $223,050	$125,450 to $203,150
33%	$183,250 to $398,350	$223,050 to $398,350	$203,150 to $398,350
35%	$398,350 to $400,000	$398,350 to $450,000	$398,350 to $425,000
39.6%	$400,000 and up	$450,000 and up	$425,000 and up

2012 Rates

Rate Married Filing Jointly Single

10% Bracket	$0 – $17,400	$0 – $8,700
15% Bracket	$17,400 – $70,700	$8,700 – $35,350
25% Bracket	$70,700 – $142,700	$35,350 – $85,650
28% Bracket	$142,700 – $217,450	$85,650 – $178,650
33% Bracket	$217,450 – $388,350	$178,650 – $388,350
35% Bracket	Over $388,350	Over $388,350

So my question then is...
In this day of 24hr covers of when the president farts.... WHY has no news serviced put this info out there for all to see.


Sent from my iPad using Tapatalk HD

 

[FunN4Lo]

Not sure if this is the right place for this, if not, mods please move.

I have been looking, searching and emailing. but have yet to get an answer.

First pay check of the year, I noticed more federal taxes coming out of my check.
Myself, and everyone I know also got back less taxes on our return from last year.

Now I understood the Bush tax cuts only went away on the top 0.5%

I know we had events such as the fiscal cliff deal, and probably more I am unaware of.
So why doesn't anyone publish this information? I personally think it is a big dea. Does any one else?

Does anyone else know wth?

No one publishing?!? You need to change your news sources. I heard about it 10 times a day, everyday for the last 2 months of the 2012. Turn on some conservative talk radio and Fox News. If your news sources didn't tell you that EVERYONE was getting a tax increase, not just the evil rich, don't you wonder what else they are not telling you?

 

[AustinBR]

My work emailed everyone at the beginning of the year and stated that our paychecks would be smaller and gave us the figures. 2% more on social security and roughly 2% more on other taxes.

 

[JWG223]

My work emailed everyone at the beginning of the year and stated that our paychecks would be smaller and gave us the figures. 2% more on social security and roughly 2% more on other taxes.

We were told our 2% pay-raise was countered by our increase in health-insurance cost and the new taxes, for a net loss.

 

[cajun_64]

No one publishing?!? You need to change your news sources. I heard about it 10 times a day, everyday for the last 2 months of the 2012. Turn on some conservative talk radio and Fox News. If your news sources didn't tell you that EVERYONE was getting a tax increase, not just the evil rich, don't you wonder what else they are not telling you?

Actually, my news source is fox. I don't get to watch it much so rely on reading it mostly.


Sent from my iPad using Tapatalk HD

 

[JadeRaven]

Did you get a raise? That will result in more tax withheld

 

[cajun_64]

no raise. if we get any raises, it is after tax season for some strange reason. Considering we are not in the tax business. I guess they wait to check the bottom line after taxes. LOL

 

[charliepapa]

I,m not speaking of payroll

I am talking at federal income tax

are you possibly referring to Federal Insurance Contributions Act (FICA)? a lot of people I've spoken with confuse that acronym for Federal In Come Assessment for some reason. It's all semantics. They just use a harmless sounding acronym to let you know they're stealing your money.

http://money.cnn.com/magazines/moneymag/money101/lesson18/index4.htm

 

[AustinBR]

Did you get a raise? That will result in more tax withheld

The pay-increase would only be be taxed more on amount in the new tax bracket. So, if the brackets look like this:
0-1000 - 10%
1000-3000 - 20%
3000-5000 - 30%
And you made 3500 you would pay 10% on the first thousand, 20% on the next two thousand, and 30% on the remaining 500.

In the end, a pay increase (without a tax increase, which we did have on SS and something else) would yield to you making more money and paying more taxes, but a net increase in take-home pay.