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Message Subject
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Just got my paycheck today....
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Poster Handle
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ampedin |
Post Content
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obama said he would not increase 'INCOME TAXES' on ppl making less than 50k.
social security is not INCOME TAX, it is a PAYROLL TAX. it is a part of FICA.
the reason your social security went up is because in 2012, the rate was 4.2% on the first $110,100 of income.
in 2013, the rate is now back up to 6.2% (as it was before the Bush era) on the first $113,700 of income.
yes i am a tax accountant.
your ignorant, how can you not know the difference between income tax and payroll tax!?
Quoting: Anonymous Coward 22764816
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