jasonxctf Posted January 8, 2010 Share Posted January 8, 2010 Be prepared... Most people will see their take home amount slightly lower in 2010 vs 2009. The reason behind this is simple. When nearly all of us got tax cuts in 2009, under the stimulus, it amounted to approximately $400 per person. Because this law went into effect 3 months in 2009, the $400 per person credit was spread out over the remaining pay check periods in 2009. (9 months worth) So the credit is still in effect here in 2010, but now it's being spread out over 12 months worth of paychecks. (24 or 26 in total) Thus you are getting a lower tax cut more times in comparison to 2009. On my wife's first paycheck, it amounted to $7/check less. Quote Link to comment Share on other sites More sharing options...
NorthSideSox72 Posted January 8, 2010 Share Posted January 8, 2010 QUOTE (jasonxctf @ Jan 8, 2010 -> 03:27 PM) Be prepared... Most people will see their take home amount slightly lower in 2010 vs 2009. The reason behind this is simple. When nearly all of us got tax cuts in 2009, under the stimulus, it amounted to approximately $400 per person. Because this law went into effect 3 months in 2009, the $400 per person credit was spread out over the remaining pay check periods in 2009. (9 months worth) So the credit is still in effect here in 2010, but now it's being spread out over 12 months worth of paychecks. (24 or 26 in total) Thus you are getting a lower tax cut more times in comparison to 2009. On my wife's first paycheck, it amounted to $7/check less. I will look for that, and blame you. Quote Link to comment Share on other sites More sharing options...
BigSqwert Posted January 8, 2010 Share Posted January 8, 2010 Thanks for ruining my life. Quote Link to comment Share on other sites More sharing options...
jasonxctf Posted January 8, 2010 Author Share Posted January 8, 2010 Hey it could be worse, you could be taking home the amount before the tax credit was added in 2009. Quote Link to comment Share on other sites More sharing options...
Jenksismyhero Posted January 8, 2010 Share Posted January 8, 2010 pssh, only applies to suckers that pay taxes. Quote Link to comment Share on other sites More sharing options...
JPN366 Posted January 8, 2010 Share Posted January 8, 2010 (edited) I got a 9.69% raise due to being grossly underpaid. Edited January 8, 2010 by JPN366 Quote Link to comment Share on other sites More sharing options...
JorgeFabregas Posted January 8, 2010 Share Posted January 8, 2010 I'm looking forward to my increased health insurance premiums. Yummy. The 15th will be here soon. Quote Link to comment Share on other sites More sharing options...
Be Good Posted January 10, 2010 Share Posted January 10, 2010 First check this year -1 cent less Quote Link to comment Share on other sites More sharing options...
Kyyle23 Posted January 10, 2010 Share Posted January 10, 2010 Ha, my wife just noticed the exact same thing on Friday, and she got $8 less Quote Link to comment Share on other sites More sharing options...
southsider2k5 Posted January 10, 2010 Share Posted January 10, 2010 Obama raises taxes on the poor. More at 9pm tonight on Fox. Quote Link to comment Share on other sites More sharing options...
StrangeSox Posted January 10, 2010 Share Posted January 10, 2010 Yeah, I just noticed that on my fiance's first paycheck of the year clearing it through Quicken this morning. Her's was only $5 less. Quote Link to comment Share on other sites More sharing options...
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