Posts Tagged ‘Social Security Tax’


8 Reasons You Will Pay More Taxes in 2013…Guaranteed

 

1) Increase in Ordinary Income Tax Rates

The highest ordinary income tax rate is 35%.  This is scheduled to go up to 39.6%

 


Why Every Week is ‘Mob Week’ for Connecticut Taxpayers

 

This week is Mob Week on AMC. We get to watch classic Mob movies like The Godfather, Scarface and The Untouchables.

 

Unfortunately every week is Mob Week for Connecticut taxpayers.

In 2011 the State of Connecticut passed their largest tax increase ever. The highest state income tax rate was increased from 5% to 6.7%.


The Biggest Loser….The Self-Employed in Connecticut

The Biggest Loser is a TV show where contestants attempt to lose the most weight for cash prizes. Full Disclosure: I don’t watch the show and I have only seen short clips of it. I don’t proclaim to fully understand the show. It appears to me however the biggest loser has nothing to do with losing weight. It’s the self-employed in Connecticut. They are losing far too much to income taxes. And they certainly aren’t getting any cash prizes … Continue reading »


Payroll Tax Cut Temporarily Extended into 2012

Congress recently passed and the President signed the Temporary Payroll Tax Cut Continuation Act of 2011.This act temporarily extends the two percentage point payroll tax cut for employees by continuing the reduction of their Social Security tax withholding rate from 6.2 percent to 4.2 percent of wages paid through February 29, 2012.


19 Taxes and Counting

19 Kids and Counting is TLC’s TV show about the Duggar family.  I’m not sure what is scarier, the fact that they already have 19 kids or the rest of the title…”and Counting.”


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