Ready to pay more taxes?

[Farmersfan]

Just thought everyone should know that the The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 is set to expire in 2012. As of January 1, 2012 everyone will go back to the 6.2% tax rate for their Social Security taxes. I work for the Government and that 23.00 a month increase in my SS taxes just ate up my 2011 Pay For Performance raise amount! Yea! I'm back to the starting line....................

[Blastoderm55]

So you got a $0.13 per hour raise? Doesn't sound like you performed very well.

Joking aside, it didn't make sense to reduce the SS tax for such a short term.

[Black_Magic]

Lets see if congress will keep these taxes the same or if they will let them expire.. After all they the Republicans just tried to lower the top rate to 28%. Lets see if they want to help out the little guy now.:clap: