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Thanks Obama, I now bring home $6.60 more in my paycheck each week....UPDATED... I was right. FFS

 
Opeth  (OP)

User ID: 1173053
United States
01/03/2011 01:22 PM
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Re: Thanks Obama, I now bring home $6.60 more in my paycheck each week....UPDATED... I was right. FFS
For those that are confused... or do not possess rudimentary mathematical skills, allow me to help.

The FICA rate was 6.2 for both employer & employee.

Now it is 6.2 for employer and 4.2 employee. A savings of 2%

If an individual indeed made 17,000 per year... then the original 6.2 amount would be $1,054 in FICA liability. Now at 4.2 it's a $714 tax liability, which has them saving $340 per year.

Interesting because I make 4x that amount and I think my boss screwed up our calculations..... FFS.......

hmmm.... wow... he did fuck up. Now that's a conversation I don't need to have today.

sigh
"Today young men on acid realized all matter is merely energy condensed to a slow vibration... that we are all one conciousness experiencing ourselves subjectively.
There is no such thing as death, life is only a dream, and we are the imagination of ourselves.
...Here's Tom with the weather"

:Opeth-1:
DowJonesAce
User ID: 1198492
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01/03/2011 01:22 PM
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Re: Thanks Obama, I now bring home $6.60 more in my paycheck each week....UPDATED... I was right. FFS
thas for the increase in gas prices
Anonymous Coward
User ID: 990655
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01/03/2011 01:23 PM
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Re: Thanks Obama, I now bring home $6.60 more in my paycheck each week....UPDATED... I was right. FFS
What a fucking waste.

Who is this going to help.

I am bitching because I am an accountant... and NOW we cannot do ANY early filing because of this bullshit.

Who is this pittance really going to help?!

rant
 Quoting: Opeth


Your welcome asshole. I am too good for this place.

ogrrr
Opeth  (OP)

User ID: 1173053
United States
01/03/2011 01:24 PM
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Re: Thanks Obama, I now bring home $6.60 more in my paycheck each week....UPDATED... I was right. FFS
It is only 6.60 more because you only make $330.00 per week or aprox $17,000 per year - get with the program son!


No dipshit...wow....... way to read a thread.

...but my heart does ache for those that do earn at that level.



Social Security was reduced by 2% -so- $6.60/2%= $330 - If so- Where did I go wrong?
 Quoting: Anonymous Coward 1081321



Your math was correct. I think my boss actually screwed up because I just did the calculations myself...

My normal would be $4,216
reduced would be 2,856

So in all reality I should have a difference of $26.12 per check. Not $6.60. Now I have to go beat him up for my $20....
ROTFL..


Big boss FAIL.

TY AC for posting that! Otherwise it may have taken weeks for me to notice!

BTW, it still sucks!

Last Edited by Opeth on 01/03/2011 01:30 PM
"Today young men on acid realized all matter is merely energy condensed to a slow vibration... that we are all one conciousness experiencing ourselves subjectively.
There is no such thing as death, life is only a dream, and we are the imagination of ourselves.
...Here's Tom with the weather"

:Opeth-1:
J-Rico

User ID: 1116423
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01/03/2011 01:25 PM
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Re: Thanks Obama, I now bring home $6.60 more in my paycheck each week....UPDATED... I was right. FFS
Was it 2% of the SS deduction or 2% of your total paycheck?
Everyone dies, but not everyone lives.

:moranrico::Rico::moranrico:
Opeth  (OP)

User ID: 1173053
United States
01/03/2011 01:29 PM
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Re: Thanks Obama, I now bring home $6.60 more in my paycheck each week....UPDATED... I was right. FFS
Was it 2% of the SS deduction or 2% of your total paycheck?
 Quoting: J-Rico


2% SS deduction.

Which brings me to another point.

My boss makes a killing because he is a CPA. I do all the same work and because I don't have my stupid license in NY, I make alot less than I should.

Here we found, thx to AC, I was able to discern that my paycheck indeed was fucked up. I now have to go tell the 'brilliant boss' he made an error and I want my extra money....lmfao.

Oh the irony. I would have never bothered with the proper calculation if the AC didn't make that statement!

So thx again!
"Today young men on acid realized all matter is merely energy condensed to a slow vibration... that we are all one conciousness experiencing ourselves subjectively.
There is no such thing as death, life is only a dream, and we are the imagination of ourselves.
...Here's Tom with the weather"

:Opeth-1:
Anonymous Coward
User ID: 1081321
United States
01/03/2011 01:31 PM
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Re: Thanks Obama, I now bring home $6.60 more in my paycheck each week....UPDATED... I was right. FFS
Was it 2% of the SS deduction or 2% of your total paycheck?
 Quoting: J-Rico



SS Tax last yr (2010) was 6.2% of your taxable gross salary - for 2011 - it is 4.2% of your gross taxable salary - a reduction of 2% of your gross taxable salary

on another note - your welcome op - check to see if more is being withheld for other items - f/wt, s/wt etc
Opeth  (OP)

User ID: 1173053
United States
01/03/2011 01:34 PM
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Re: Thanks Obama, I now bring home $6.60 more in my paycheck each week....UPDATED... I was right. FFS
Was it 2% of the SS deduction or 2% of your total paycheck?


SS Tax last yr (2010) was 6.2% of your taxable gross salary - for 2011 - it is 4.2% of your gross taxable salary - a reduction of 2% of your gross taxable salary

on another note - your welcome op - check to see if more is being withheld for other items - f/wt, s/wt etc
 Quoting: Anonymous Coward 1081321



I know all of that, it just never occurred to me to double check my fucking boss of all people. This is a burn out business, I don't suppose I should be too bitchy about it...but I am kinda heated.

I get taxed at a bitch of a rate as it is..... seriously.

sigh

I want my $20 FFS!
cry

Last Edited by Opeth on 01/03/2011 01:37 PM
"Today young men on acid realized all matter is merely energy condensed to a slow vibration... that we are all one conciousness experiencing ourselves subjectively.
There is no such thing as death, life is only a dream, and we are the imagination of ourselves.
...Here's Tom with the weather"

:Opeth-1:
Anonymous Coward
User ID: 1068103
United States
01/03/2011 01:36 PM
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Re: Thanks Obama, I now bring home $6.60 more in my paycheck each week....UPDATED... I was right. FFS
Congrats Opeth! I take back what I said about 2 gallons of gas... now you can get half a tank!

banana2
Opeth  (OP)

User ID: 1173053
United States
01/03/2011 01:39 PM
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Re: Thanks Obama, I now bring home $6.60 more in my paycheck each week....UPDATED... I was right. FFS
Congrats Opeth! I take back what I said about 2 gallons of gas... now you can get half a tank!

banana2
 Quoting: Anonymous Coward 1068103


I know! I'm very grateful to the AC for pointing this out. Being entirely aware of the situation, it didn't even occur to me to check my own friggin pay! UNBELIEVABLE. Gonna spank myself!

Anyway, just goes to show, despite whatever knowledge we have... we can be very lackadaisical when it comes to keeping a keen eye on our own business. Especially when we trust the hand of another.

SPOOKY.
"Today young men on acid realized all matter is merely energy condensed to a slow vibration... that we are all one conciousness experiencing ourselves subjectively.
There is no such thing as death, life is only a dream, and we are the imagination of ourselves.
...Here's Tom with the weather"

:Opeth-1:
J-Rico

User ID: 1116423
United States
01/03/2011 01:43 PM
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Re: Thanks Obama, I now bring home $6.60 more in my paycheck each week....UPDATED... I was right. FFS
Was it 2% of the SS deduction or 2% of your total paycheck?



SS Tax last yr (2010) was 6.2% of your taxable gross salary - for 2011 - it is 4.2% of your gross taxable salary - a reduction of 2% of your gross taxable salary

on another note - your welcome op - check to see if more is being withheld for other items - f/wt, s/wt etc
 Quoting: Anonymous Coward 1081321


Correct then.
I failed earlier ;-)
Everyone dies, but not everyone lives.

:moranrico::Rico::moranrico:
J-Rico

User ID: 1116423
United States
01/03/2011 01:45 PM
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Re: Thanks Obama, I now bring home $6.60 more in my paycheck each week....UPDATED... I was right. FFS
Actually... if you get an extra 26.16 every week... that's not bad lol
Everyone dies, but not everyone lives.

:moranrico::Rico::moranrico:
Opeth  (OP)

User ID: 1173053
United States
01/03/2011 01:46 PM
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Re: Thanks Obama, I now bring home $6.60 more in my paycheck each week....UPDATED... I was right. FFS
Correct then.
I failed earlier ;-)
 Quoting: J-Rico


I cannot believe I was that lazy as to not even look at my own check! That's a friggin wake up call indeed!

I don't really feel like going to correct my boss today. FFS, maybe I will just email him tonight or something... lol. We are so burnt around here with year end, I feel kinda bad being like 'hey dick, check your calculations'

sigh
"Today young men on acid realized all matter is merely energy condensed to a slow vibration... that we are all one conciousness experiencing ourselves subjectively.
There is no such thing as death, life is only a dream, and we are the imagination of ourselves.
...Here's Tom with the weather"

:Opeth-1:
Opeth  (OP)

User ID: 1173053
United States
01/03/2011 01:47 PM
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Re: Thanks Obama, I now bring home $6.60 more in my paycheck each week....UPDATED... I was right. FFS
Actually... if you get an extra 26.16 every week... that's not bad lol
 Quoting: J-Rico


I know, kinda screws up the whole damn thread! Pffft.

spank's self
"Today young men on acid realized all matter is merely energy condensed to a slow vibration... that we are all one conciousness experiencing ourselves subjectively.
There is no such thing as death, life is only a dream, and we are the imagination of ourselves.
...Here's Tom with the weather"

:Opeth-1:
Anonymous Coward
User ID: 1068103
United States
01/03/2011 01:47 PM
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Re: Thanks Obama, I now bring home $6.60 more in my paycheck each week....UPDATED... I was right. FFS
"Lackadaisical."

What a fantastically fun word to say!

Say it with me... "Lackadaisical."

hf
J-Rico

User ID: 1116423
United States
01/03/2011 01:51 PM
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Re: Thanks Obama, I now bring home $6.60 more in my paycheck each week....UPDATED... I was right. FFS
"Lackadaisical."

What a fantastically fun word to say!

Say it with me... "Lackadaisical."

hf
 Quoting: Anonymous Coward 1068103


Lackadaisical.
Everyone dies, but not everyone lives.

:moranrico::Rico::moranrico:
Opeth  (OP)

User ID: 1173053
United States
01/03/2011 01:54 PM
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Re: Thanks Obama, I now bring home $6.60 more in my paycheck each week....UPDATED... I was right. FFS
"Lackadaisical."

What a fantastically fun word to say!

Say it with me... "Lackadaisical."

hf
 Quoting: Anonymous Coward 1068103


Yeah, it's one of my favorite. Also one of my biggest personal flaws.

I'm a whiz when it comes to my work but in my own life, pffft. I suck ALOT.

cry
"Today young men on acid realized all matter is merely energy condensed to a slow vibration... that we are all one conciousness experiencing ourselves subjectively.
There is no such thing as death, life is only a dream, and we are the imagination of ourselves.
...Here's Tom with the weather"

:Opeth-1:
Opeth  (OP)

User ID: 1173053
United States
01/03/2011 02:04 PM
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Re: Thanks Obama, I now bring home $6.60 more in my paycheck each week....UPDATED... I was right. FFS
So check this out.

Upon further review, my FICA was reduced appropriately by $26.16 BUT they changed other tax tables so now the net of my 'tax break' is in actuality only $6.60.

See, no gift. Nothing is ever free.
Decrease one tax, making it look all nicey nice, then adjust the other tax tables so individuals do not even get to realize the benefit unless they are playing with their deductions.

FFS. TYPICAL TPTB
rant
"Today young men on acid realized all matter is merely energy condensed to a slow vibration... that we are all one conciousness experiencing ourselves subjectively.
There is no such thing as death, life is only a dream, and we are the imagination of ourselves.
...Here's Tom with the weather"

:Opeth-1:
J-Rico

User ID: 1116423
United States
01/03/2011 02:06 PM
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Re: Thanks Obama, I now bring home $6.60 more in my paycheck each week....UPDATED... I was right. FFS
So check this out.

Upon further review, my FICA was reduced appropriately by $26.16 BUT they changed other tax tables so now the net of my 'tax break' is in actuality only $6.60.

rant
 Quoting: Opeth



Define "THEY".
Everyone dies, but not everyone lives.

:moranrico::Rico::moranrico:
Anonymous Coward
User ID: 1201395
United States
01/03/2011 02:46 PM
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Re: Thanks Obama, I now bring home $6.60 more in my paycheck each week....UPDATED... I was right. FFS
It's 6.60, maybe 8.00 for me, maybe 15 for another... and that's coming from SOMEWHERE... did you know where it was coming from?
 Quoting: J-Rico


Yes, it was coming out of your paycheck.

I agree that the amount may be virtually meaningless, but at least it's 6, 8, or 15 dollars a week that you earned that you get to KEEP, instead of the government confiscating it in an effort to continue to prop uo the ponzi scheme that is social security.
Opeth  (OP)

User ID: 1113610
United States
01/03/2011 07:02 PM
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Re: Thanks Obama, I now bring home $6.60 more in my paycheck each week....UPDATED... I was right. FFS
So check this out.

Upon further review, my FICA was reduced appropriately by $26.16 BUT they changed other tax tables so now the net of my 'tax break' is in actuality only $6.60.

rant

Define "THEY".
 Quoting: J-Rico


Pffft!
You know WHO THEY ARE!
spank spank spank
"Today young men on acid realized all matter is merely energy condensed to a slow vibration... that we are all one conciousness experiencing ourselves subjectively.
There is no such thing as death, life is only a dream, and we are the imagination of ourselves.
...Here's Tom with the weather"

:Opeth-1:





GLP