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Did anyone get paid today?
Old 01-04-2013, 04:29 PM
  #1

I have never been so shocked in my life! I told my Mom I expected my paycheck to be about $50.00 smaller based on what I was hearing in the news. I opened my check and it was over $140.00 smaller!!!! I am not kidding! So now in the freezing cold weather when I need to buy more oil, I can count on $280.00 less each and every month! How do they think the economy isn't going to tank again?

I am sitting here trying to decide whether to let my hair go gray, stop all shopping or stay home from church. I had a plan to get my house paid off early and that is probably where I will have to change. I am so depressed tonight.


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Old 01-04-2013, 04:33 PM
  #2

Mine was only $32. Yours seems too high!
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15th
Old 01-04-2013, 04:34 PM
  #3

I get paid on the 15th. Usually I look forward to it....now maybe not so much. Oh boy!
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Why?
Old 01-04-2013, 04:35 PM
  #4

Was it benefits or Social Security?
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paycheck
Old 01-04-2013, 04:35 PM
  #5

That doesn't sound right. I would call and check when the payroll offices open on Monday. Maybe it's a mistake!


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Yep!
Old 01-04-2013, 04:38 PM
  #6

I was shocked too! I know that it is at least $90 less and may even exceed your $150 mark. I haven't calculated how much less- I want to live in oblivion just a little longer. And then to see on the news that the "fiscal cliff" package included millions of dollars to support movie makers! Who can afford to go to the movies?

Last edited by rana712; 01-04-2013 at 04:40 PM.. Reason: additional information
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Old 01-04-2013, 04:40 PM
  #7

We get paid on the 15th, both DH and me. I am dreading it this time!

Nancy
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Pay
Old 01-04-2013, 04:41 PM
  #8

Mine was $37 less. Not happy about it.
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Oh, no
Old 01-04-2013, 04:44 PM
  #9

I don't get paid until the 10th. I've been trying to keep my head in the sand until then, but $140 less???? I guess I better go cancel my gym membership. Cable just went I up last month and I got my first smart phone a few weeks ago. I see lots of PB&J in my future.
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saw your post
Old 01-04-2013, 04:46 PM
  #10

and went and checked our account. Hubs got paid today, but his check is more than usual--thinking maybe his bereavement days aren't taxable. I get paid next week Friday.


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After reading
Old 01-04-2013, 04:56 PM
  #11

your post, I checked my stub and it was $80 less than last month. Like Tiki I see a lot of PBJ's in my future!
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the breakdown
Old 01-04-2013, 05:03 PM
  #12

I hate to tell you it wasn't benefits this time! About $20. was unemployment (which is normal) but over $75. was a Social Security increase and my federal income tax increase was $55.92! Some things went up a few cents, no big deal and my because we changed our insurance to the state plan I saved $12.40 there. What is even scarier is that next September the insurance will take a huge jump. I am going to try to find some really old paycheck stubs. I can't remember how many years it has been since it was this low.
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Old 01-04-2013, 05:08 PM
  #13

Mine was over $50 less, so it will be $100+ less per month. Sometimes I feel as though we get penalized for working!
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Old 01-04-2013, 05:10 PM
  #14

Mine was 50 more ?
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Old 01-04-2013, 05:16 PM
  #15

We got paid BEFORE break for today per our contract so it wasn't affected. I'm certain our check on the 15th will be ugly. I'm already paycheck to paycheck (I'm having trouble budgeting...I need to work on it) so I think it's going to be a stretch.
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Old 01-04-2013, 05:25 PM
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Old 01-04-2013, 05:26 PM
  #16

My DH got paid today. His was only $20 less. Of course he gets paid twice a month and we changed our health insurance plan and that was supposed to cost less. I guess I am glad we did that now.
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Old 01-04-2013, 05:35 PM
  #17

i got paid and it was $15 less than last year.
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Old 01-04-2013, 05:51 PM
  #18

I don't think the rate is for only 3 days. You are paid for 1 month or 2 weeks at a time. The tax is on either of those options.
The way my payroll people explained it was that this is the social security returning to a 6.2% tax rate. If I read it right this should be what next months pay check is too. (I get paid monthly.) I had $85 taken out for the entire month.
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Yup....
Old 01-04-2013, 06:00 PM
  #19

me too.

More than $50.00 less than my last check. More than one thousand dollars a year....
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Worried...
Old 01-04-2013, 06:02 PM
  #20

They will start taking out $50 for my new life insurance policy and my long-term disability (my choosing), but now I'm REALLY worried.

We get paid on the 10th.
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Old 01-04-2013, 06:08 PM
  #21

I don't get paid till the end of the month. Hearing all of this is making me rather nervous. We've been talking about buying DH a new car. Guess we'll wait and see what my paycheck does.
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You shouldn't have a federal tax increase
Old 01-04-2013, 06:35 PM
  #22

Unless you make over $400,000. Did they take out extra because no deal had been made before they cut the checks? If so, that money should come back to you. The Social Security increase is permanent. It was cut temporarily as a stimulus and neither party wanted it to continue. So back to what was previously.
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Old 01-04-2013, 06:44 PM
  #23

I am glad that you posted this. I checked my account and I thought something was wrong with my check. It is about $80 less-yikes!
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Old 01-04-2013, 06:46 PM
  #24

Mine was $43 less. I get paid bi-weekly.
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Isis is correct
Old 01-04-2013, 06:49 PM
  #25

while no one is ever happy with what appears a 'cut' in pay:

Quote:
It was cut temporarily as a stimulus and neither party wanted it to continue. So back to what was previously.

You realize this couldn't continue, right? I hope there is still SS benefits by the time my kids retire, who knows? But, I'll be retiring in 6 or so years, so I sure want them available for me.

I was paid Dec. 31st, so won't see this change until the end of Jan, but I'm already planning on about 50 less per month. Dh will see almost 80 less. It will be a matter of planning and prioritizing, but we were paying it before making less money, so it can be done.
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Old 01-04-2013, 07:19 PM
  #26

I am sooooooooooooooooo sick of politicians calling social security and entitlement!

Yes, it is returning to the % it used to be at. However, it is a bit like removing a band-aid!
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Anticipated increases
Old 01-04-2013, 07:23 PM
  #27

I thought I heard that some places anticpated the increases that were set to go into effect. If you got paid today, it was probably in process before the vote on New Year's Day. It might change again.
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Old 01-04-2013, 07:29 PM
  #28

Super high! Yikes! Mine was $47 less, which is $94 for the month. That sucks, but your is worse
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Old 01-04-2013, 07:53 PM
  #29

Well I sure don't make over 400,000 or even anything close (obviously). I checked the pay stub again and it definitely went up a lot in Federal Income Tax. I would love to believe that it could have been done before the deal, except that our BA is very good at getting information out to us, and I checked again to make sure we didn't get an email today or even this week telling us not to worry.

It does seem excessive, doesn't it, to think that out of each paycheck I could have to pay $620.30 in Federal Income Tax? I do remember that when I switched from married back to single that my paycheck got quite a bit smaller because I joked that I would have to get married again just to keep my paycheck.

I just find this very discouraging and I am sorry if I have the rest of you worried, but if it saves you from spending money until you know for sure, I guess it is worth it.
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Old 01-04-2013, 08:47 PM
  #30

Had to sign out. A little too personal.

OMG!!

I didn't get paid but DH did. His check two weeks ago was $3550. Today: $2950

Really $600? We haven't changed a thing! We live in an extremely expensive city. We're going to be completely screwed.

I'm in a total panic.
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Old 01-04-2013, 09:00 PM
  #31

All I can say is thank God I am self employed and charge my students a specific rate that they will continue to pay unless I change it myself. However, my business brings in the rate of a private school teacher's salary so I probably still bring in a lot less than most of you on my own.
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Checked this morning
Old 01-05-2013, 05:18 AM
  #32

72 dollars less .....don't even want to think about DH check next week
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Paycheck
Old 01-05-2013, 05:45 AM
  #33

I found this online. I don't know how accurate it is, but it was pretty accurate for me.

http://www.kiplinger.com/tools/tax_increase_calculator/
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Kiplinger calculator
Old 01-05-2013, 06:53 AM
  #34

Thank you for sharing this Tifiany. I went to the sight and it was very interesting. It does sound like my paycheck was right. It does also say though that I could take more allowances and get bigger paychecks. I think I will just hope and pray I get a tax refund again.
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pay day
Old 01-05-2013, 07:38 AM
  #35

I got paid on the 2nd and my payroll department had already accounted for the 2% increase in SSI. My paychecks will be about $35 less a check, so $70 a month (It's about $100 to SSI a pay period total). I had already done the math myself so I knew exactly what the increase was going to be. However, I did not have any increases in any other taxes. I thought your income tax was only supposed to increase if you made over $4000,000?

I am single and I claim 2 for taxes. I never get a refund. But, I'm okay with that. My dad has always said that if you get a refund that just means the govt is taking too much of your money so it's better to not get anything back.

This site from TurboTax allows you to calculate how much of a return you will get this year: http://turbotax.intuit.com/tax-tools...ors/taxcaster/
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Question
Old 01-05-2013, 09:34 AM
  #36

I looked at my stubs from the past and in Oklahoma we don't pay into ss but we do pay into the states teacher retirement program. Does that mean I will avoid this increase? Anyone else not pay into ss? I could be wrong, because our stubs are so difficult to read.

Just looked again and FICA is taken out... I that social security?

Well, just researched and looks like I'll have a cut too bc I do have ss taken out. Awesome.

Last edited by yayteacher; 01-05-2013 at 09:41 AM.. Reason: Added info
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pay stub
Old 01-05-2013, 10:35 AM
  #37

FICA and Social Security are the same thing.

This is part of the e-mail we got from payroll in my district:

The Tax Relief Act of 2012 temporarily extended a two percentage-point payroll tax cut for employees. This continued the reduction of the FICA (Social Security tax) withholding rate from 6.2 percent to 4.2 percent of wages paid through December 31, 2012. (The reduced Social Security tax has no effect on future Social Security benefits.)

Unless the U.S. Congress takes action prior to the December 31, 2012 deadline, the FICA (Social Security) withholding rate is scheduled to increase. The increase is from 4.2 percent of wages paid to 6.2 percent of wages paid. That means that wages paid in 2013 will have an additional two percent of FICA (Social Security) withheld
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Old 01-05-2013, 10:47 AM
  #38

I got a check yesterday and it was exactly the same as the check I got two weeks ago.
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