A friend forwarded this memo from his HR department:
Subject: 2013 Payroll Taxes
To: All Employees
Hello,
We have received a number of inquiries regarding changes to 2013 payroll taxes. As a company we must deduct payroll taxes as directed by the government. Our payroll provider has provided detailed information that you may use as you review your first paycheck of 2013. You can find this at the following link: http://www.adp.com/tools-and-resources/legislative-updates.aspx
Apparently a lot of people were complaining about their paychecks being unexpectedly smaller.
Here's the explanation from ADP:
The reduced 4.2% rate for employee Social Security taxes that was in effect for 2011 and 2012 has expired. The employee Social Security tax rate will return to 6.2% for 2013 wages up to the taxable wage limit of $113,700. Consequently, employees' net pay under the taxable wage limit will decrease accordingly. The maximum Social Security tax that an employee would pay will be $7,049.40 for 2013.
And as it turns out, workers making $30,000 will take a bigger hit on their pay than those earning $500,000!
But the funniest message of the day came from one of the kooks at Democratic Underground (since deleted from sheer embarrassment), to which Jim Treacher responded:
HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA what happened, he said HA HA HA HA HA demu.gr/10022125273
— Jim Treacher (@jtLOL) January 3, 2013
The term "useful idiots" was invented to describe these schmucks who continually vote for their own destruction.
Yippie Ki Yay, Obama-voter.
ReplyDeleteYour chickens are coming home to roost.
I've already seen O****-V****s have work hours slashed to get under the Obamacare fulltime requirement, and a large local company deciding to drop health insurance and pay the fine.
Waiting for these morons to realize that they will be fined by the IRS for not having health insurance.
GOP better stand up, because when the Obama-voters abandon him, there must be somewhere for them to turn.
Haha, too funny. Gonna share this. The idiots who voted for Obama deserve this.. (the rest of us don't deserve it, tho)
ReplyDeleteWe got our first paycheck yesterday and on the company website, there was a notice about it.
ReplyDeleteSince I am not an OBAMATRON, I was aware of this.
THANKS CONGRESS !!!!!!