Payroll Taxes Are Going Up No Matter What, I Believe

[Skraxx]

Most of the discussions about extending the tax cuts are referring to federal income taxes. Now, I suppose it could change, but I haven't heard much about extending the payroll tax cut. Which means, no matter what, people's paychecks will be immediately and noticeably impacted.

And the way the dyanmics are set up, it will be almost totally blamed on the Repubs, whether it's a valid claim or not.

I kinda like that notion for some reason.

[Deep13]

1. Sux a little, but it will be good for the country.

Wait, I should convince myself that screwing the poor and giving a windfall for the rich is actually good for the country so I can feel superior to poor people. Yep, that's the plan.

[Skraxx]

2. Not Sure I Get Your Drift, But It's Merely A Fact That This Is Going To Happen

and the Republicans will be completely blamed.

Personally, IMO, I wish something could be done to extend the cut, as it's pretty good for the economy, but they way the current dynamics are set up, it's going to end, and the Repubs will bear the blame. Big time.

[Deep13]

6. People who oppose restoring the tax rate for the rich...

...think they have something in common with them. They like to think they are superior to poor people who are somehow leeching off the system.

[Puzzledtraveller]

3. I'm looking at about $20 per pay period, thought not much to many, it's a lot to me.

[Skraxx]

5. I'll Take A Hit Too

It stinks.

[PoliticAverse]

4. Obama seems to want to continue the payroll tax cut,

but there seems to be little desire to continue it on either the democratic or republican congressional side.

Many here on DU want Social Security's main revenue source to be fully restored.

[Skraxx]

7. That's True

Most people however, will not realize that this particlar and very noticeable change in their pocketbook, is not a result of this particular bit of Repub intransigence, and will blame them accoridngly.

[JustAnotherGen]

8. The 4.2% on Social Security

Goes back to its correct rate of about 6%. There have been no directives to change to new rate in everything else as the Fed has not released te 2013 tables yet. Payroll professionals have nothing in front of them yet.


But what we all pay into Social Security goes up on Tuesday. Rather than going "up" - its ring put back to a rate that funds Social Security appropriately.