I guess I'll ask this question here. Are taxes on salary based on when the hours were worked or when the check was written?

 

I get paid every two weeks. My pay period ended 12/28. So all my hours worked were between 12/17/12 and 12/28/12. My employer cut the check on 1/2/13 and the taxes taken out were based on the 2013 rates rather than the 2012 rates. So I ended up getting about $45 more taken out in taxes.

 

Also since they passed the new law, should I be getting that $45 back or will I just have to wait until my refund next April?

 

I guess I'll ask this question here. Are taxes on salary based on when the hours were worked or when the check was written?

 

I get paid every two weeks. My pay period ended 12/28. So all my hours worked were between 12/17/12 and 12/28/12. My employer cut the check on 1/2/13 and the taxes taken out were based on the 2013 rates rather than the 2012 rates. So I ended up getting about $45 more taken out in taxes.

 

Also since they passed the new law, should I be getting that $45 back or will I just have to wait until my refund next April?

 

Taxes and other deductions are based on when you are paid, not when you worked.

 

As for the $45, it depends on how much of that was Federal income tax withholding and how much was FICA. The FICA went up Jan. 1 and the newly passed law did not take that rate back down. The law did take the Federal income tax rate back down (assuming you make less than $400K) so if that withholding amount went up it should go back down within the next check or two, but the extra amount you already paid won't come back to you until you file your 2013 return.

 

Taxes and other deductions are based on when you are paid, not when you worked.

 

As for the $45, it depends on how much of that was Federal income tax withholding and how much was FICA. The FICA went up Jan. 1 and the newly passed law did not take that rate back down. The law did take the Federal income tax rate back down (assuming you make less than $400K) so if that withholding amount went up it should go back down within the next check or two, but the extra amount you already paid won't come back to you until you file your 2013 return.

 

I figured as much. Thanks.

155,000 jobs added last month, revised unemployment rate stable at 7.8%

 

http://www.nytimes.com/2013/01/05/business...s-7-8.html?_r=0

Did everyone enjoy their 2% SS tax "increase" today (this was my first pay period of the year)?

Did everyone enjoy their 2% SS tax "increase" today (this was my first pay period of the year)?

 

 

Better yet, I would like Narcissus to explain how we make up for the several hundred billion that never went into the fund.

Did everyone enjoy their 2% SS tax "increase" today (this was my first pay period of the year)?

 

I didn't notice it... :/

Better yet, I would like Narcissus to explain how we make up for the several hundred billion that never went into the fund.

 

This is why it was always a double-edged sword. Good in the short-term to boost spending and help the economy, but bad for the programs it's used to fund. I'm glad it wasn't made permanent, though it probably should have been phased in via targets.

This is why it was always a double-edged sword. Good in the short-term to boost spending and help the economy, but bad for the programs it's used to fund. I'm glad it wasn't made permanent, though it probably should have been phased in via targets.

 

This is somewhat the same problem with people accepting jobs that calculate bonuses into their annual salary. I always tell people to say no to such offers, because bonuses can be taken away, unless of course you have no bargaining power to begin with, then it doesn't matter I guess.

 

As I tell the college kids...find something you like doing that people *need*...not something they want.

Did everyone enjoy their 2% SS tax "increase" today (this was my first pay period of the year)?

 

Yep I noticed it but it was a tax break so I can't complain about it going back to the original rate.

Everyone tell us how much less you're getting so we can calculate your salary!

 

Me...I'm a student and I get paid via stipend. No taxes suckaaaaas

Narcissus news conference right now. LOL.....

 

 

Question....Mr Narcissus , how many times did you vote in favor of raising the debt ceiling while in the Senate?

 

 

 

 

how many times did you vote in favor of raising the debt ceiling while in the Senate?

 

how dare you question Obama. HOW DARE YOU. it's different now.

how dare you question Obama. HOW DARE YOU. it's different now.

 

Well, to be fair, it's much easier to rationalize a symbolic vote against raising the debt limit when you know it will overwhelmingly pass than when a no vote might actually cause the limit to not be raised. So from that standpoint, yes, it is different.

 

The problem with all of this is that the deficit hawks haven't made any real substantive proposals (that I am aware of) to reduce the deficit (and most of them were happy to ignore the growing debt when their party was in power).

it's much easier to rationalize a symbolic vote against raising the debt limit when you know it will overwhelmingly pass

 

oh yes of course. so he is symbolically against high debt, but in reality is in favor of high debt.

ignore the growing debt when their party was in power.

 

don't worry. the GOP will increase the debt ceiling. they don't care about deficits, but they like to put on a show for their constituents. i'm sure a deal is already in the bag, the GOP just needs to wait to go along with it at the last minute so they can say 'look, we took it to the brink and tried our best'. The GOP is just a bunch of wimps who will cave-in on their supposed ideals at the drop of a hat.

don't worry. the GOP will increase the debt ceiling. they don't care about deficits, but they like to put on a show for their constituents. i'm sure a deal is already in the bag, the GOP just needs to wait to go along with it at the last minute so they can say 'look, we took it to the brink and tried our best'. The GOP is just a bunch of wimps who will cave-in on their supposed ideals at the drop of a hat.

With this one they should cave.

 

They can still have a fight over the budget in a couple months with a government shutdown on the clock, without threatening another 2008 style collapse as a result.

With this one they should cave.

 

they already have. the GOP is useless.

Edited January 14, 201313 yr by mr_genius

they already have. the GOP is useless.

If useful = defaulting on U.S. debt, then thank god they're useless.

If useful = defaulting on U.S. debt, then thank god they're useless.

 

lol. like Democrats care about defaults. most of them have terrible credit ratings. they don't even want to pay back their student loans or mortgages.

Edited January 14, 201313 yr by mr_genius

lol. like Democrats care about defaults. most of them have terrible credit ratings. they don't even want to pay back their student loans or mortgages.

 

Or taxes...

lol. like Democrats care about defaults. most of them have terrible credit ratings. they don't even want to pay back their student loans or mortgages.

I see, so you're back into making insults. Joy. It worked so well after all those kids were shot, after all.

I see, so you're back into making insults. Joy. It worked so well after all those kids were shot, after all.

 

i see you are still trying to exploit children being shot and killed. shameful.

 

you're not even in the right thread

Edited January 14, 201313 yr by mr_genius

lol. like Democrats care about defaults. most of them have terrible credit ratings. they don't even want to pay back their student loans or mortgages.

 

Do you have any evidence to support this?

 

Or is it just Democrats are more educated and have more money, therefore more likely to have student loans and own houses?

 

Color me confused.

Or taxes...

 

or follow gun control laws (looking at you david gregory)...