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Restored Payroll Tax Pinches
Those Who Earn the Least

New York Times, by Nelson D. Schwartz

Original Article

Posted By:JoniTx, 2/8/2013 6:12:14 AM

Jack Andrews and his wife no longer enjoy what they call date night, their once-a-month outing to the movies and a steak dinner at Logan’s Roadhouse in Augusta, Ga. In Harlem, Eddie Phillips’s life insurance payment will have to wait a few more weeks. And Jessica Price is buying cheaper food near her home in Orlando, Fla., even though she worries it may not be as healthy. Like millions of other Americans, they are feeling the bite from the sharp increase in payroll taxes that took effect at the beginning of January. There are growing signs that

      


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Reply 1 - Posted by: Jethro bo, 2/8/2013 6:17:37 AM     (No. 9165009)

THis is one ´fair´ and ´equal´ tax. If one has a job, one has to pay. And 2% hurts everyone not just the undeserving poor.

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Reply 2 - Posted by: Keekng, 2/8/2013 6:22:51 AM     (No. 9165016)

But but but, the great won said taxes would not increase for the middle class.

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Reply 3 - Posted by: miceal, 2/8/2013 6:23:38 AM     (No. 9165019)

Tell me again about the "earned income tax credit." Now, there´s a waste of taxpayers money!

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Reply 4 - Posted by: Spidey, 2/8/2013 6:25:37 AM     (No. 9165021)

I really don´t get the math on this.I hear a lot of people saying their taxes went went p but it´s hard to belive because the cut was only 25 of thepayroll tax.
What i think is happening here is the left is ginning up support from bring these cuts back but the SS admin was $58 billion short on revenues last year.

Anyway it´s a form of karma for some of these people who wanted rich people punished and it turned around and bit them instead. the question is why aren´t they madder at Obama who was supposed to put his supporters on easy street.

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Reply 5 - Posted by: Fiesta del sol, 2/8/2013 6:26:36 AM     (No. 9165023)

FTA "“There is something going on,” said Chris G. Christopher Jr., senior principal economist at IHS Global Insight. “The payroll tax seems to be cutting into things.”

Well now, I wonder where this article was back in, oh I don´t know...October or November. The NYT even points out that $20-30 a paycheck is a lot to some people. After limousine liberal lawmakers and pundits all scoffed at that amount.

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Reply 6 - Posted by: philsner, 2/8/2013 6:29:32 AM     (No. 9165028)

As Dr. Carson said: Why do we need to hurt anyone?

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Reply 7 - Posted by: LouD, 2/8/2013 6:54:33 AM     (No. 9165063)

Everyone new this cut was only temporary, and unlike a "temporary" tax increase, a cut won´t last forever. Let´s face it. SS couldn´t afford that cut to start with. And people wonder why this country is broke (financially)? Oh, yeah. It´s broke in every other way, too.

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Reply 8 - Posted by: cartcart, 2/8/2013 7:02:19 AM     (No. 9165077)

Elections have consequences.

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Reply 9 - Posted by: Mai Bad, 2/8/2013 7:09:07 AM     (No. 9165083)

Yo..yo...BAAAHAAAHAAA.....You want it.....You got it....OBAMA!!!!

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Reply 10 - Posted by: mws50, 2/8/2013 7:18:13 AM     (No. 9165093)

I received a 3% raise this December. The first 2% went to SS, the remaining 1% went to income tax. I take home $0.25 less than I did in November. The good news is I increased my 401K by 2% when we received that reduction in SS payments a few years ago. I could have reduced my 401K payment to make up for the loss, but the raise covered that.

I am Taxed Enough Already...

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Reply 11 - Posted by: 3XALADY, 2/8/2013 7:33:16 AM     (No. 9165115)

So what´s the problem? Didn´t they read or listen to the news so they knew it was a temporary reduction and would be re-instated at some time? DH took the extra $, put it in an envelope and will have it to pay when tax time comes because the tax table didn´t change, just the amount deducted.

I´m retired, but he´s still working. He hasn´t had a raise in 5 years and last year or the year before Gov. Scott decided all the Florida employees needed to donate 3% to try to reduce the state´s debt. They tell you it´s to help fund retirements but the money goes into the state´s coffers. Was just upheld recently.

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Reply 12 - Posted by: Mr. Hanky, 2/8/2013 7:33:44 AM     (No. 9165116)

What NYT, taxes bad????
/s

Idiots.

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Reply 13 - Posted by: Illinois Mom, 2/8/2013 7:36:56 AM     (No. 9165119)

It probably wouldn´t hurt as much if payhecks were not already reduced by, fewer hours (even large companies are giving full-time employees 32 hours rather than 40 per week) higher insurance premiums or eaten up by higher gas, food and utility prices.

Okay...I´m joking. Really. We´re fine out here. The recession ended in ´09 and the economy is moving again. I heard it on the News.s/o



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Reply 14 - Posted by: edgar, 2/8/2013 7:42:33 AM     (No. 9165123)

Not once does the name ´Obama´ show in the article. Not once does the work ´promise´ as in broken campaign promise show up in this article. Oh, its the NYT.

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Reply 15 - Posted by: antidem, 2/8/2013 7:45:31 AM     (No. 9165129)

PAYROLL tax? Please. Why do we let leftists get away with their focu-group/market-tested misleading language.

It´s SOCIAL SECURITY!!! The "holy" socialist program that is failing! And is failing faster thanks to Obama´s "payroll tax" holiday.

The left calls its "payroll" tax to make low info voters think it is income tax. End of story.

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Reply 16 - Posted by: starsNstripes, 2/8/2013 8:28:16 AM     (No. 9165199)

Hey #10, don´t worry. Fedzilla will be waiting in the weeds on you when you go to cash in that 401k. Whether it´s this year, next year, or in 50 years--Fedzilla will be waiting for you. And it is very possible that by the time you go to cash it in, Fedzilla will have grown even more and will be even more hungry for your money by then.

There is no escaping Fedzilla!!

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Reply 17 - Posted by: angelesgift, 2/8/2013 8:34:09 AM     (No. 9165212)

"The only evidence we have that Democrats love the poor is that they consistently back policies that will create more of them."
Ann Coulter




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Reply 18 - Posted by: JAN, 2/8/2013 9:43:34 AM     (No. 9165404)

But I thought if we punished the rich then all the poor people would be satisfied.

Guess they´re figuring out nothing could be further from the truth.

So sad, too bad.



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Reply 19 - Posted by: Salt5792, 2/8/2013 10:28:32 AM     (No. 9165507)

We wouldn´t be in this mess if they hadn´t voted for him.

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Reply 20 - Posted by: stablemoney, 2/8/2013 2:15:01 PM     (No. 9165982)

High gas prices, 10% real inflation rates, prices of anything made by unions, healthcare no longer provided due to Obamacare, no jobs due to Obama -- things are looking sour for the lower rung.

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Reply 21 - Posted by: msjena, 2/8/2013 2:29:31 PM     (No. 9166018)

This is why temporary tax cuts are a bad idea. I always admired Michelle Bachmann for taking a stand against the temporary payroll tax cut. The last thing that needed to be cut was social security funding.

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