Thursday, January 3, 2013

Your paycheck was just reduced

Social Security payroll tax rate rises, reduces paychecks

"... What does that mean? If, for example, you earn $50,000 a year, your Social Security tax will increase by about $1,000 over a year. So even if your income tax isn’t rising, you can expect to see a little less in your next paycheck. ..."   

Reference: www.scpr.org

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