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Old 01-04-2013, 03:08 PM   #91
danygirl
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after 4 years of furloughs and pay cuts we finally got a pay raise - 2% effective january 1. When HR sent out the memo they basically said - we ARE giving you a raise, but don't call us when you don't see it in your check because the payroll tax holiday is ending.

since the 2% increased my base salary, and the ss tax is coming off the new base, I still have a pay cut, but it is much smaller.
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Old 01-04-2013, 03:35 PM   #92
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I guess what frustrates me (and I don't just mean in this thread, I mean with people I've spoken to) is that everyone sees this as something "taken away" when what was happening was we were being GIVEN another 2% for a little while, and now that's done.

It's like someone said about the bonuses. I got a $2k bonus this year. If I get $1500 next year, they didn't "take away" $500 from me.
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Old 01-04-2013, 04:12 PM   #93
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Originally Posted by 4luv2cdisney View Post
But the average middle class family earns around 50K per year and therefore is not losing $200 per month. .
2% of 50k is 1000, that is 83 bucks a month not 200 a month. If you are really seeing 200 a month decrease then you are making well over 100k a year

200 * 12 = 2400, = 2% of 120,000 a year! if you have 120k income a year allready and 200 less a month makes your budget go bonkers you have big budgeting problems allready

200 less a month but you make 10,000 a month.....and you have to cut back on cable tv?????? get real

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Old 01-04-2013, 05:00 PM   #94
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Got DH's paystub and compared it to last years (no raise in 3 years for either of us) and it was $100 less for two weeks. So, for us, it'll be about $300, which is about what I had guessed earlier. DH makes over the max so for about 3 months we pay no fica out of his check. Mine on the other hand never gets a break
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Old 01-04-2013, 05:06 PM   #95
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We will cut back on dining out. That can really get out of hand with 3 teenagers.
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Old 01-04-2013, 05:13 PM   #96
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Quote:
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2% of 50k is 1000, that is 83 bucks a month not 200 a month. If you are really seeing 200 a month decrease then you are making well over 100k a year

200 * 12 = 2400, = 2% of 120,000 a year! if you have 120k income a year allready and 200 less a month makes your budget go bonkers you have big budgeting problems allready

200 less a month but you make 10,000 a month.....and you have to cut back on cable tv?????? get real
I guess we'll have to agree to disagree on this one. I don't see $120K as being a high income. Of course, much depends on where you live. Try to get by on that salary in the NYC or DC metro areas. It's really tight. I can envision someone from those regions, who is in that salary range, feeling the pinch of an additional $200 being taken from their paycheck(s). If they bought a house or a car based on that money being in their hands it can be difficult to swallow. That's why people would have been smart to put the money aside and not consider it a part of their budget.
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Old 01-04-2013, 05:16 PM   #97
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I put the extra 2% in my 401k the past two years. I got a 2 &1/2% raise so I guess I should stay the same or be 1/2% more so we're good.
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Old 01-04-2013, 05:19 PM   #98
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It won't effect my budget. Since the tax cut was temporary, I never worked it into my budget. The money just went into my bank account and was forgotten. While I will miss the money, my budget remains the same.
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Old 01-04-2013, 05:40 PM   #99
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Nothing. I don't live that close to the edge. I won't end up with quite as much money in the bank, but a pay cut of less than $100/mo isn't going to make any difference at all to my spending habits -- I'm frugal and I'll still be frugal.

IME, increases in my health insurance premiums and my kids' tuitions each year always outstrip my pay increases anyway, so I always budget for a loss.
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Old 01-04-2013, 06:08 PM   #100
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I plan on cutting out landscaper and vowing to get gas in NJ in stead of NY. That will more than make up for the $1500 a year less. I have been thinking of doing this anyway, and this just gave me incentive.
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Old 01-04-2013, 06:26 PM   #101
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I was also putting the extra it in my 401K so I figured I would just put a little less in savings each month. Turns out I got a decent enough raise to keep my 401K where it is at now and be able to put a little more in savings. As far as DH's check, we live well below our means and save most of his check. His works offers unlimited OT so he said he will pick up a couple days each month if our trip funds aren't looking plump as he would like. It was way less than $200 a month our of each of our checks so we are not wealthy by any means.
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Old 01-04-2013, 06:29 PM   #102
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Quote:
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Did people honestly not know it was reverting back?

It shouldn't have been a surprise.
Amen. The funding is CRITICAL for important programs and I'm tired of hearing people whine. You got a GIFT for a couple of years and it hurt the economy. When will people stop kevetching that "congress" spends too much and the deficit is too high, but also complain when the spending stops?
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Old 01-04-2013, 06:31 PM   #103
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Originally Posted by angierae View Post
I guess what frustrates me (and I don't just mean in this thread, I mean with people I've spoken to) is that everyone sees this as something "taken away" when what was happening was we were being GIVEN another 2% for a little while, and now that's done.

It's like someone said about the bonuses. I got a $2k bonus this year. If I get $1500 next year, they didn't "take away" $500 from me.
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Old 01-04-2013, 06:34 PM   #104
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When we got 2% break, I increased my retirement fund. Our company merged with a bigger company so our health insurance went down for this calendar year but it comes out of each paycheck not skipping 2 pay periods. I flexed health care for this year, none last year. In my paycheck today i got a couple dollars more then my last paycheck, it lowered my taxable income. I need to go check out DHs check.
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Old 01-04-2013, 07:00 PM   #105
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My raise was more than 2% so I'll still get an increase. I should have done what others did and put the extra 2% in my 401k. Oh well. It is over now.
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