Elections have consequences kids, and one of them is apparently a lower pay check. For all of Obama’s promises to never raise taxes on the middle class, something went wrong. What went wrong, you ask? Well, people believed Obama, that’s what went wrong! Wyblog has more…
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!
Middle-class workers will take a bigger hit to their income proportionately than those earning between $200,000 and $500,000 under the new fiscal cliff deal, according to the nonpartisan Tax Policy Center.
Earners in the latter group will pay an average 1.3 percent more – or an additional $2,711 – in taxes this year, while workers making between $30,000 and $200,000 will see their paychecks shrink by as much as 1.7 percent – or up to $1,784 – the D.C.-based think tank reported.
Overall, nearly 80 percent of households will pay more money to the federal government as a result of the fiscal cliff deal.
But, you say, Obama said he’s never raise taxes. You failed to recognize that Obama is a liar. You voted for him? well, that means that you failed to recognize all of the lies that he said in the first four years. Perhaps you rely on one of the alphabet networks for your information? Sucks to be you, because they lie for Obama.
There are people out there that think that people are finally going to “get it.” I’m afraid to announce that most people are not going to “get it.” Instead, they are going to blame anything or anyone other than Obama. The Democrats, and their useful idiot media will spin and lie, and most of the sheeple will bleat compliantly. As I’ve been indicating, we are living in a “post reality” world. It doesn’t matter what actually happens, or why it happened. It only matters how it fits the narrative.