Does everyone need to pay more from the taxes hikes, plus that all is affected by the payroll taxes cut expiration?
Answer by Kerry
you had a 2% cut inside the SS rate withheld for over a year now/that was enabled about Jan 1 to return
to its general level, thus it wasnt a taxes walk per se..a walk would’ve taken it beyond the present rate plus
withheld a lot more than today..however we did lose the advantage of the additional spending revenue as well as its a
shame folks got utilized with it cuz it was temporary to receive the economy rolling again.
plus yah…the 2% hit everyone which gets a payck plus has SS with held…..it returns to its usual rate