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Curmudgeoness (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 06:48 PM Original message |
Why is there more income tax coming out of my check? |
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RUMMYisFROSTED (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 06:49 PM Response to Original message |
1. You're not obscenely wealthy? |
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slackmaster (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 06:49 PM Response to Original message |
2. That's so that less income tax has to be taken out of MY check |
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Curmudgeoness (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 07:04 PM Response to Reply #2 |
11. You'd better check that out and make sure. |
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slackmaster (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 07:11 PM Response to Reply #11 |
16. My take-home pay has increased by about $152 per month compared to last year |
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Statistical (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 07:16 PM Response to Reply #16 |
20. You make roughly $111K per year? Nice gig. |
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slackmaster (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 07:25 PM Response to Reply #20 |
24. I wish |
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Curmudgeoness (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 07:24 PM Response to Reply #16 |
23. Good for you, you make good money. Well... |
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slackmaster (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 07:26 PM Response to Reply #23 |
25. Where I live has a lot to do with how good the money is as well |
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Curmudgeoness (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 07:40 PM Response to Reply #25 |
31. You said a mouthful there. My sister lives in CA and I would love |
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Vattel (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 07:46 PM Response to Reply #31 |
34. In SD good inexpensive food exists! |
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bluestate10 (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 08:23 PM Response to Reply #31 |
44. What part of the NE do you live in? nt |
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Curmudgeoness (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 08:27 PM Response to Reply #44 |
47. I'm in western PA, where it is bitter cold right now with lots of snow. |
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slackmaster (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 09:00 PM Response to Reply #47 |
62. That's the one thing most people in the USA have that we in coastal SoCal don't |
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shadowrider (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 06:51 PM Response to Original message |
3. Remember the tax cut you got? |
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Statistical (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 06:52 PM Response to Original message |
4. The 2009/2010 $400 making work pay credit expired. |
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Curmudgeoness (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 06:59 PM Response to Reply #4 |
7. So we kept the Bush cuts, but not the Obama cuts? |
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Statistical (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 07:01 PM Response to Reply #7 |
8. Essentially yes however everyone taxes's are lower than under Bush (2008). |
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customerserviceguy (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 07:58 PM Response to Reply #7 |
38. The Obama cut changed |
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Nikia (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 08:10 PM Response to Reply #38 |
39. I make significantly more than $20,000 per year |
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customerserviceguy (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 08:15 PM Response to Reply #39 |
40. Well, there is one other possibility |
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Curmudgeoness (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 08:22 PM Response to Reply #40 |
43. I don't think this is the case. Our CPA told me that all his clients |
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customerserviceguy (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 08:46 PM Response to Reply #43 |
53. I do monitor my paycheck stubs from week to week |
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Curmudgeoness (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 09:11 PM Response to Reply #53 |
63. I wondered if this might be the case, so I went to the IRS website. |
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customerserviceguy (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 10:13 PM Response to Reply #63 |
79. Well, doing a bit of math |
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bluestate10 (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 08:29 PM Response to Reply #40 |
49. Some companies have not gotten the new rates into place yet. |
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Hannah Bell (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 10:19 PM Response to Reply #7 |
81. More than that -- top rates are actually LOWER this year. |
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doc03 (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 08:17 PM Response to Reply #4 |
41. So why did my taxes go up on my pension check? I am retired |
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bobbolink (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 06:54 PM Response to Original message |
5. Because you are not in the preferred group.. the vaunted MiddleClass. |
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DBoon (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 07:06 PM Response to Reply #5 |
13. what is this "Middle Class" of which you speak? |
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bobbolink (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 07:08 PM Response to Reply #13 |
14. Ask Grayson, Sanders, Hartmann, Schultz. It is the only class they recognize. |
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bluestate10 (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 08:40 PM Response to Reply #14 |
52. The middle class and upper middle class are the heaviest taxes. |
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bobbolink (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 08:49 PM Response to Reply #52 |
55. Try reading up on regressive taxes. Poor people pay Far More of a percentage of their income. |
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Statistical (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 08:51 PM Response to Reply #55 |
56. Taxes are still lower than 2008. n/t |
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Curmudgeoness (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 09:22 PM Response to Reply #56 |
65. Lower for who? Everyone? Sigh, don't make me pull out |
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Statistical (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 10:22 PM Response to Reply #65 |
83. There was no federal income tax increase between 2008 and today. |
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Hannah Bell (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 10:41 PM Response to Reply #56 |
85. They're lower for the top 1%, that's for sure. They're lower for the top 1% than in 2009, too. |
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bluestate10 (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 09:32 PM Response to Reply #55 |
67. That is questionable. |
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bobbolink (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 09:37 PM Response to Reply #67 |
68. Its not questionable to people who understand the reality. |
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Curmudgeoness (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 09:45 PM Response to Reply #67 |
72. You're kidding, right? Just trying to get us all worked up? |
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Hannah Bell (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 10:50 PM Response to Reply #72 |
88. even in a small area like new york city, there are plenty of poor people living there. |
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Hannah Bell (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 10:44 PM Response to Reply #67 |
86. ha. ha. someone making $100K a year has the option of reducing expenses. |
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Starry Messenger (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 11:06 PM Response to Reply #67 |
94. Uh no. |
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bluestate10 (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 09:41 PM Response to Reply #55 |
70. The increase in taxes happened because of. |
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bobbolink (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 09:49 PM Response to Reply #70 |
74. I will repeat the obvious, for all of you who like to diss poor people and claim we are worthless to |
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bobbolink (1000+ posts) Send PM | Profile | Ignore | Sun Jan-23-11 07:16 PM Response to Reply #70 |
95. Thank you for blaming the victims. That is so easy, and such a guarantee to get people to vote for |
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Curmudgeoness (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 08:58 PM Response to Reply #52 |
61. Your argument doesn't hold water. Yes, the MC and UMC |
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Hannah Bell (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 10:17 PM Response to Reply #52 |
80. 1) Define "poor," "middle class" & "upper middle class." |
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Curmudgeoness (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 10:24 PM Response to Reply #80 |
84. Thanks for saying it, and saying it well. nt |
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DJ13 (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 06:55 PM Response to Original message |
6. The "new & improved!" tax cuts are in FICA, not income tax |
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Curmudgeoness (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 07:01 PM Response to Reply #6 |
9. I understand that. But I did not know that the income tax would go up. |
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Ineeda (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 07:09 PM Response to Reply #9 |
15. See reply #4. n/t |
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dkf (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 07:13 PM Response to Reply #9 |
18. They couldn't get the Repubs agree to extending "making work pay" |
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bluestate10 (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 08:47 PM Response to Reply #18 |
54. You got it. Some wage classes are making out with the 2% FICA cut. |
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Curmudgeoness (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 09:24 PM Response to Reply #54 |
66. This is true. But sadly, this tax law was passed before |
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Hannah Bell (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 10:51 PM Response to Reply #54 |
90. no. capital is making out with the fica cut + the continuation of their bush income tax cuts. |
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Hannah Bell (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 10:48 PM Response to Reply #9 |
87. judging from the tax tables you brought up, it looks like they made an inflation adjustment for the |
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Starry Messenger (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 07:03 PM Response to Original message |
10. . |
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leftstreet (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 07:16 PM Response to Reply #10 |
19. +1 |
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Starry Messenger (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 07:41 PM Response to Reply #19 |
32. Isn't it though? |
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Kennah (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 07:06 PM Response to Original message |
12. TARP thanks you for your support |
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Imperialism Inc. (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 07:12 PM Response to Original message |
17. Because of the recent tax deal. |
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Curmudgeoness (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 07:19 PM Response to Reply #17 |
21. Tax units? Now we are all just tax units? Too funny. |
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Statistical (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 07:23 PM Response to Reply #21 |
22. All taxpayers are paying less than in 2008. |
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Curmudgeoness (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 07:37 PM Response to Reply #22 |
29. This is not true. I have access to the payroll programs |
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Imperialism Inc. (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 07:40 PM Response to Reply #29 |
30. I don't doubt you but would point out that the chart |
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Curmudgeoness (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 07:44 PM Response to Reply #30 |
33. I know this is comparing 2010 and 2011. I was addressing |
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Imperialism Inc. (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 07:50 PM Response to Reply #33 |
36. Oh. I didn't look back at the chart. It has that right on there. I just didn't |
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Statistical (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 08:55 PM Response to Reply #29 |
59. Withholding isn't the same thing as taxes due. |
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Curmudgeoness (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 09:19 PM Response to Reply #59 |
64. Well, it kinda is. The point is that the IRS would prefer |
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Statistical (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 09:43 PM Response to Reply #64 |
71. Well no. IRS intentionally inflates witholdings. |
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Curmudgeoness (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 09:51 PM Response to Reply #71 |
75. This is possible. I agree that people love those refunds and |
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Statistical (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 09:56 PM Response to Reply #75 |
76. Because the $400 MKWP credit has expired. |
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Imperialism Inc. (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 07:27 PM Response to Reply #21 |
26. LOL. Yep. I thought the same thing whe nI first read it. |
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Name removed (0 posts) Send PM | Profile | Ignore | Fri Jan-21-11 09:39 PM Response to Reply #17 |
69. Deleted message |
Curmudgeoness (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 09:46 PM Response to Reply #69 |
73. Honey, YOU are a tax unit. Don't you just love it. nt |
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michaz (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 07:33 PM Response to Original message |
27. Same thing where I do payroll. Those who make less are seeing less net pay. n/t |
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bluestate10 (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 08:55 PM Response to Reply #27 |
58. Because lower paid people pay less FICA taxes as a $ amount. |
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aintitfunny (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 07:34 PM Response to Original message |
28. Mine too = the 2% only offsets the tax increase |
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bluestate10 (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 08:56 PM Response to Reply #28 |
60. You must be making a little less than $300 per week, at $300, you would see $1 more per week. nt |
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ipaint (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 07:47 PM Response to Original message |
35. Because it's easiest to kick the working poor. |
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Curmudgeoness (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 07:52 PM Response to Reply #35 |
37. This is part of the point I was making. And I guess some of us |
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WinkyDink (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 08:18 PM Response to Original message |
42. My pension check from PA was reduced $50 because of the 2011 Federal Withholding changes. |
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Curmudgeoness (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 08:26 PM Response to Reply #42 |
45. This is the second post about pension check taxes going up, |
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doc03 (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 08:30 PM Response to Reply #45 |
50. Exactly if you are retired you didn't get the making work pay |
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doc03 (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 08:28 PM Response to Reply #42 |
48. Same here and we don't get the 2% payroll tax cut either, |
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Curmudgeoness (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 08:35 PM Response to Reply #48 |
51. Don't give them any new ideas. nt |
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doc03 (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 08:53 PM Response to Reply #51 |
57. The idea is already out there. I have seen some posts on DU |
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kevinbgoode (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 10:06 PM Response to Reply #48 |
78. It isn't just retired people. . .I don't pay FICA, so I got no relief there |
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femmocrat (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 08:27 PM Response to Original message |
46. I thought we were getting a break on withholding this month? |
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eyeofdelphi (110 posts) Send PM | Profile | Ignore | Fri Jan-21-11 10:02 PM Response to Original message |
77. OK this is what i was told |
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Curmudgeoness (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 10:21 PM Response to Reply #77 |
82. My payroll software company waited for the updates |
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Hannah Bell (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 10:56 PM Response to Reply #82 |
92. this sounds like the reason: |
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WestSeattle2 (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 10:50 PM Response to Original message |
89. This might explain it. I received this from Payroll this week: |
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Hannah Bell (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 10:55 PM Response to Reply #89 |
91. omg. that is so sick. these fuckers need to be booted out of the country. |
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Statistical (1000+ posts) Send PM | Profile | Ignore | Fri Jan-21-11 11:01 PM Response to Reply #91 |
93. Most? No they will collect more from those making |
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bobbolink (1000+ posts) Send PM | Profile | Ignore | Sun Jan-23-11 07:20 PM Response to Reply #91 |
96. Thank you for looking into it, Hannah, and please post what you find. |
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