Quote:
Originally Posted by HeartMD
LOL yeah no kidding. Complete bullshit. The tax hike is basically costing me and extra mortgage per month..
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Yes we will have to put in more over time to make up for that lost in our paycheck.
Quote:
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.
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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.
