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Swede Atlanta

(3,596 posts)

5. I think they are referring to the temporary SS payroll tax cut that is also due to expire ....

Reply to underthematrix (Reply #2)

Sun Oct 21, 2012, 07:02 PM

Oct 2012

at the end of the year. If both the SS cut and the Bush-era cuts expire, I would expect to pay another $3,600 to $4,000 a year. There goes the money I had planned to plow back into my house in the form of an energy efficient heating and cooling system.

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Psst, taxes go up in 2013 for 163 million workers (typical worker about $1,000 a year) [View all] Omaha Steve Oct 2012 OP

Money that is supposed to go into our SS funds for our retirements. But we know how that goes. geckosfeet Oct 2012 #1

If you're talking about the expiration of the Bush tax cuts underthematrix Oct 2012 #2

they would not have to Skittles Oct 2012 #4

I think they are referring to the temporary SS payroll tax cut that is also due to expire .... Swede Atlanta Oct 2012 #5

The longer we stop funding Social Security at pre-tax-cut levels, djean111 Oct 2012 #6

You're exactly right djean111. xtraxritical Oct 2012 #12

I totally agree! haikugal Oct 2012 #17

Because Republicans are holding middle class tax cut hostage to extending tax cut for millionaires. Overseas Oct 2012 #3

Let the SS payroll tax holiday expire; bring back the Making Work Pay tax credit bluestateguy Oct 2012 #7

It wasn't a "tax cut;" it was a shitty idea to begin with since these are FICA (Social Security) REP Oct 2012 #8

Good, They never should have used the worker savings for this. AnnaLee Oct 2012 #9

Psst! We have been hearing about this non-stop juajen Oct 2012 #10

So, payroll taxes will go back to where they need to be bhikkhu Oct 2012 #11

It was a very bad idea anyway N/t doc03 Oct 2012 #13

$4500 per family of 6-figure income workers shawn703 Oct 2012 #14

$4500 would apply to those two earners making over 200k a year. former9thward Oct 2012 #15

Maybe they hope to keep the system solvent into the future? nt bemildred Oct 2012 #16

Locking - analysis, not Latest Breaking News muriel_volestrangler Oct 2012 #18