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Fiscal Cliff.. is anyone worried about this?

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EclecticEsq10810
Bored Esq.

Member since 10/10

2156 total posts

Name:
L.

Re: Fiscal Cliff.. is anyone worried about this?

Posted by Jbon630

Posted by MrsMick

Posted by Bearcat

Can someone explain to me (in simple terms) what DID happen? My paycheck today was less (roughly $100) than it should be. Did the payroll tax cut expire despite the fiscal cliff deal?

thanks



No deal was actually passed so yes, most Americans will be a lot less starting today.



The payroll tax was always going back up.There was never any deal to prevent that.



I agree. It does suck. But I am thankful my DH are living below our means to cover this new shortfall in our paychecks now. It's not like some friends we know right now who are realizing now that buying expensive homes in expensive areas with increasing taxes and fixed or lower paying incomes was probably a dumb move.

Posted 1/1/13 11:54 PM
 
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charon54
My two boys!

Member since 5/05

7279 total posts

Name:
Rebecca

Re: Fiscal Cliff.. is anyone worried about this?

We were worried as it would mean a $14000 increase in our taxes if the bill hadn't passed. We'll still see an increase because of the payroll tax, but not as much.

Posted 1/2/13 10:46 AM
 

hotsauce345
my love, my life, my son

Member since 1/09

4169 total posts

Name:
Melody

Re: Fiscal Cliff.. is anyone worried about this?

this would make me LOL if it wasn't so true and sad.

External Image

Posted 1/2/13 12:37 PM
 
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