General Discussion

notadmblnd

(23,720 posts)

104. The FICA tax withholding is different than the taxes on your income.

Fri Jan 4, 2013, 09:39 PM

Jan 2013

Last edited Fri Jan 4, 2013, 11:06 PM - Edit history (1)

The increase (if you believe Grover Norquest, wasn't really an increase. It was just the expiration of a tax cut) was in the FICA withholding not the income tax deduction. What we all call FICA taxes- is really just your insurance premium on your social security insurance policy. That means it goes directly into the Social Security trust fund and is used only for SS benefits. It does not go into the general fund and never gets dispersed to programs such as food stamps or welfare. Okay?

Now that you know that, I'm going to show you a little math. Our premiums just increased by 2%. If you multiply 500.00 x .02, it comes to 10.00. So someone whining about 25.00 less in their paycheck is making about 1250.00 a week. That's about 5k a month! Now I don't know about you, but I find it hard to believe that spending 25.00 a week less is really going to cause a hardship.

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This message was self-deleted by its author [View all] bobclark86 Jan 2013 OP

"It's my first day back to work this year" jberryhill Jan 2013 #1

LOL. nt Honeycombe8 Jan 2013 #107

Is this a continuation of this? If so, I wish the Group Hosts would lock it. It only attracts..... Tarheel_Dem Jan 2013 #2

Not a continuation RandiFan1290 Jan 2013 #20

Hosts can't lock this because it does fit the Statement of Purpose REP Jan 2013 #106

However, it's a duplicate of a duplicate of a duplicate Glitterati Jan 2013 #143

Not even for that - only in LBN REP Jan 2013 #155

See post 87. eom RomneyLies Jan 2013 #3

Screwed OccupyManny Jan 2013 #4

See post 87. eom RomneyLies Jan 2013 #8

+1 pinboy3niner Jan 2013 #21

Pardon me RomneyLies Jan 2013 #48

... pinboy3niner Jan 2013 #50

... RomneyLies Jan 2013 #53

hey. there is no post 87. I wanna see post 87! love your graphics! robinlynne Jan 2013 #55

Long story short RomneyLies Jan 2013 #59

Who knows? Maybe "Post 87" will become the new "700 Club" of DU. :) nt Buns_of_Fire Jan 2013 #140

Thank you. Someone has to say it. See the newbies gathering. freshwest Jan 2013 #47

Thank George Bush for the tax cuts and other dreaded policy that brought us to this point. nt NYC_SKP Jan 2013 #9

Really? You didn't understand that the SS rate cut was initially for one year, but sinkingfeeling Jan 2013 #10

Oh you poor thing you are grossing $1250 a week and you have doc03 Jan 2013 #18

me too! patrice Jan 2013 #26

I will personally be paying an additional $187/month more. RomneyLies Jan 2013 #56

+1 doc03 Jan 2013 #61

i agree. eom ellenfl Jan 2013 #117

Maybe El Rushbo will give you a loan Floyd_Gondolli Jan 2013 #28

Could you bring a friend? nt Tommy_Carcetti Jan 2013 #31

Grumpy says get over it. WorseBeforeBetter Jan 2013 #65

You're ridiculous but I have to give you SERIOUS props on the user name Number23 Jan 2013 #132

No way! Capt. Obvious Jan 2013 #5

Jeezus... zappaman Jan 2013 #6

I am sorry that pay inequality has hit you so hard, even tho you did everything "right." CTyankee Jan 2013 #7

+1 CTyankee JustAnotherGen Jan 2013 #14

Well politicians are not really promising anything to the youth davidn3600 Jan 2013 #16

I said I didn't blame him for being discouraged. I get that. CTyankee Jan 2013 #25

The SS won't be there is a GOP meme from the 1950s. It's wishful thinking on their part. freshwest Jan 2013 #52

SS is fine, anyone claiming it won't be there in the furture is lying. sabrina 1 Jan 2013 #34

It's the Obama tax cuts now. dkf Jan 2013 #54

Well with their attitude it won't be there n/t doc03 Jan 2013 #22

Right Wing propaganda? c1kabar Jan 2013 #162

Oh, I agree with your arguments entirely. I was just trying to be empathetic but CTyankee Jan 2013 #163

What period of work does it cover? CJCRANE Jan 2013 #11

If your paycheck is dated 1/1/2013.... NCTraveler Jan 2013 #19

Nope. You're wrong. GeorgeGist Jan 2013 #27

No, I'm not. nt. NCTraveler Jan 2013 #45

She's correct. It's based off check date not pay period. n/t tammywammy Jan 2013 #46

I don't think so quakerboy Jan 2013 #64

Cash basis is the way wages are handled per IRS Yo_Mama Jan 2013 #118

Our check was hit the same way Broken_Hero Jan 2013 #39

Don't fall for it JustAnotherGen Jan 2013 #12

Is this what Rush told you? zappaman Jan 2013 #13

As I said in one of the other threads by people who have already gotten a pay check this year gollygee Jan 2013 #15

Actually, I got this email this morning after yesterday's payday... zappaman Jan 2013 #17

#1. Some of us have other plans for Medicare & SS; what are yours? #2. This is only the begining of patrice Jan 2013 #23

Take the red pill. GeorgeGist Jan 2013 #24

Could be a false dichotomy; how about both red & blue pills, or a purple pill, or no pill at all? nt patrice Jan 2013 #32

Do you not understand the word "temporary" leftynyc Jan 2013 #29

don't vote for people that want to cut said federal program Johonny Jan 2013 #30

OFFS............ Marrah_G Jan 2013 #33

Your concern is noted Glitterati Jan 2013 #35

Anyone notice all these OPs about the 2% payroll tax have been doc03 Jan 2013 #36

Surely it is a coincidence that Rush said the same thing today AND mentioned DU? zappaman Jan 2013 #40

Aha! That explains it Glitterati Jan 2013 #42

ROFL gollygee Jan 2013 #44

I have noticed a lot of that on the gun issue also, they are either doc03 Jan 2013 #49

Fortunately the dittoheads have very short attention spans. yardwork Jan 2013 #58

Yes. Over and over. Glitterati Jan 2013 #41

And, a lot of them billh58 Jan 2013 #66

Derp. WilliamPitt Jan 2013 #37

Call for the Waaaaambulance. riqster Jan 2013 #38

What did you major in, underwater basket weaving? RomneyLies Jan 2013 #43

Nice forward of a right-wing screed from facebook! MineralMan Jan 2013 #51

how is it right wing? BainsBane Jan 2013 #62

Only recently, it was originally their stupid assed idea. TheKentuckian Jan 2013 #68

That doesn't mean the OP is right-wing BainsBane Jan 2013 #86

Well, I kind of wonder what kind of attention he's been paying....... socialist_n_TN Jan 2013 #95

Most people are unaware there was a holiday at all BainsBane Jan 2013 #99

Sorry that won't wash either....... socialist_n_TN Jan 2013 #105

There is a difference between a secret BainsBane Jan 2013 #109

If I thought the OP WAS a member of the "working poor" ....... socialist_n_TN Jan 2013 #116

Of course I wasn't unaware BainsBane Jan 2013 #136

Well handled correctly, this kind of thing might........ socialist_n_TN Jan 2013 #145

I didn't accuse them of such. TheKentuckian Jan 2013 #111

Only it was the Republicans who insisted on the increase BainsBane Jan 2013 #133

If I were them, I'd insist to. Time to bust out the poison pill and then play hero in calling to TheKentuckian Jan 2013 #157

Abolition of slavery BainsBane Jan 2013 #101

I think the merits of the payroll holiday are a bit less cut and dry than slavery TheKentuckian Jan 2013 #119

For sure BainsBane Jan 2013 #120

I would like to thank you for contributing to my social security and medicare. I southernyankeebelle Jan 2013 #156

Official White House response: pinboy3niner Jan 2013 #57

Hahaha Evergreen Emerald Jan 2013 #158

Your concern is noted. Please feel free to share more of your concerns, and enjoy your stay. nt msanthrope Jan 2013 #60

Too much fail in one post... Kalidurga Jan 2013 #63

Sorry but you wrong with point #4. Sadiedog Jan 2013 #85

Also wrong about #1....... socialist_n_TN Jan 2013 #96

No I am not wrong about #1 Kalidurga Jan 2013 #100

Does this stuff work for you in real life? Ikonoklast Jan 2013 #67

You don't make $7 less Glassunion Jan 2013 #69

Sure you did... SidDithers Jan 2013 #70

+1,000 malaise Jan 2013 #81

Nice try, Bob. Mrs. Overall Jan 2013 #71

Long time lurker Veridicus Jan 2013 #72

Great post. You should lurk less and post more. Mrs. Overall Jan 2013 #73

Welcome to DU. gkhouston Jan 2013 #74

Welcome to DU and indeed. uppityperson Jan 2013 #75

I think we need more like you. Please post more and welcome my friend to DU. hrmjustin Jan 2013 #78

Post removed Post removed Jan 2013 #84

Jerk Veridicus Jan 2013 #89

Laters Veridicus Jan 2013 #90

Wow I'm honestly sorry. Did you read the body of my post? Glassunion Jan 2013 #92

See my post, below. eom truth2power Jan 2013 #112

After reading your apology I went and read the arthritisR_US Jan 2013 #121

My apologies Veridicus Jan 2013 #161

Hey Verdicus Vanje Jan 2013 #94

he was paying you a compliment Marrah_G Jan 2013 #103

I'm gonna out myself. I was the only juror who voted to leave the above hidden post alone, truth2power Jan 2013 #110

I got it but I had to read it twice because the arthritisR_US Jan 2013 #124

Okay, I don't post here much either... MoonchildCA Jan 2013 #113

Verrrrry interesting arthritisR_US Jan 2013 #125

How so? MoonchildCA Jan 2013 #129

Definitely the former... arthritisR_US Jan 2013 #135

Great post. Don't worry, he's almost certainly a troll. Barack_America Jan 2013 #127

Stop voting republican and you will get social security. aandegoons Jan 2013 #76

Just in case of a self-delete: NYC_SKP Jan 2013 #77

Dear Delicate Flower - you are now paying the same payroll tax you did in HS jpak Jan 2013 #79

Spam deleted by uppityperson (MIR Team) wedding16 Jan 2013 #80

Why.. michaelpdhart Jan 2013 #82

The FICA tax withholding is different than the taxes on your income. notadmblnd Jan 2013 #104

Not everyone gets paid weekly, you know Yo_Mama Jan 2013 #122

but you can still do the math. 1500 every two weeks is 3k a month notadmblnd Jan 2013 #128

I'm disputing your allegation that the $25 doesn't mean anything Yo_Mama Jan 2013 #138

I didn't say that it didn't mean anything. notadmblnd Jan 2013 #146

Few things Mike.... Marrah_G Jan 2013 #160

you must related some guy named Rush riverbendviewgal Jan 2013 #83

That increase you notice is because of the so-called tax holiday and is independent of the cliff still_one Jan 2013 #87

Planted post randr Jan 2013 #88

Absolutely. First sign, hit and run. The op did not respond further still_one Jan 2013 #91

From the transcript of Rush Limbaugh's show today Glitterati Jan 2013 #98

Thanks for the context still_one Jan 2013 #139

My thought, as well. Blue_In_AK Jan 2013 #147

BobClark, You should get a Union job so they can negotiate higher wages. JaneyVee Jan 2013 #93

As long as there's capitalism there will be SERIOUS income inequality...... socialist_n_TN Jan 2013 #97

yep backwoodsbob Jan 2013 #102

People were calling it a salary cut at work yesterday when the email went out. roamer65 Jan 2013 #154

It's January 4th. You worked one day this year and already got paid for it? REP Jan 2013 #108

Demand a refund from college, for the loan. julian09 Jan 2013 #114

Yep Rider3 Jan 2013 #115

It was always a temporary tax cut. BlueCheese Jan 2013 #123

Hey dude, tell Rush hi!! Better yet, on second thought... Barack_America Jan 2013 #126

You guys can all go fuck yourselves... bobclark86 Jan 2013 #130

First of all, the increase you saw was due to the tax holiday expiring. That so-called holiday still_one Jan 2013 #141

The whirling DU propeller blades, you didn't see them Fumesucker Jan 2013 #144

Liberals have about as much compassion for low wage earners as conservatives. roamer65 Jan 2013 #149

There are only two possible explanations for your op. Trolling or ignorance. lumberjack_jeff Jan 2013 #151

This surprise will be remembered in 2014. amandabeech Jan 2013 #131

We need a party and a President with the balls to get the FICA withholding cap removed. roamer65 Jan 2013 #148

Post removed Post removed Jan 2013 #134

I take it that you are one of those 'the glass is half empty' types. jillan Jan 2013 #137

Time to call the WAAAAAAAAAAMBULANCE! we can do it Jan 2013 #142

did bobclark call us? Skittles Jan 2013 #153

omg, thanks for that picture! we can do it Jan 2013 #159

no, getting that paltry $ taken out insures you WILL have SS later librechik Jan 2013 #150

you're gonna be disapponted, bobclark Skittles Jan 2013 #152