Originally Posted by HeartMD
LOL yeah no kidding. Complete bullshit. The tax hike is basically costing me and extra mortgage per month..
Yes we will have to put in more over time to make up for that lost in our paycheck.
Originally Posted by yinlee
It's not a new tax. It's just been restored. It went away for a year then the rate was reduced from 6.2% to 4.2% last year and was not extended as part of the budget bill passed at then end of 2012.
I think the 4.2% tax was during the end of the Bush era. That was like 4 or 5 years ago.
I remember before the tax decrease everyone would get a $300-$700 IRS check at the beginning of the year.
But they toke it away to give us lower tax rates. I wonder will they bring it back.