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flyfishing3
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  • 2 weeks later...

Are you FUCKING kidding me?! That's what I declared this morning when I heard this on the radio. AIG wouldn't exist if the government had not bailed their asses out. In which case the shareholders would have taken it directly up the ass and gotten nothing in return.

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Trying to get my grasp on taxes for the 2013. I am assuming the majority of American's taxes WILL go up because of the payroll tax expiring.

Any links to more information about this. I just read about people making 50k would be an extra $1k taxed, so on an so forth for other incomes. Does that mean their paycheck will be $83 less per month (divided 1k by 12), and a person making 100k would be $166 less per month?

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Trying to get my grasp on taxes for the 2013. I am assuming the majority of American's taxes WILL go up because of the payroll tax expiring.

Any links to more information about this. I just read about people making 50k would be an extra $1k taxed, so on an so forth for other incomes. Does that mean their paycheck will be $83 less per month (divided 1k by 12), and a person making 100k would be $166 less per month?

The Payroll tax holiday is gone. So yes, that 2% you were seeing in your check is now gone. http://philadelphia.cbslocal.com/2013/01/02/payroll-tax-holiday-expires-see-how-much-youll-pay-now/

As for everything else in the plan, the current change should not impact you unless you have large asset claims (capital gains) or you're in the upper tax bracket. But that's just my cursory read.

http://20somethingfinance.com/fiscal-cliff-deal-details-how-it-impacts-you/

And Mike's right, that's just what was agreed to last week. Much of what needs to be resolved was just kicked forward 2 months so if you're like Dylan, you should feel a change comin' on.

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