Live Oak —
A Social Security tax break that was extended to Americans is officially over. The two percent tax break expired in January at the wishes of the US Congress.
Many Americans who received their first paycheck of 2013 will see a rise in their social security tax from 4.2 percent to 6.2 percent.
Individuals earning $30,000 per year will be giving $600 to the government. Those who make $50,000 will receive about $1,000 less than last year. Citizens who make $100,000 will see nearly $2,000 less than last year’s income.
“The increase for me was small,” said James Sutter, employee at North Florida Printing Company. “I’m hopeful that when I get that age that I’ll be able to get Social Security. But who knows, that’s a long time from now.”
The cut in Social Security tax was made a couple of years ago as an economic stimulus effort to put more money back in the pockets of spenders. In the midst of unstable gas prices and the cost of living constantly rising, more government taxes is a hard pill to swallow.
“I don’t think it’s right,” said Sylvia Newell, a self-employed realtor. “It’s outrageous. And they’re thinking about raising the age of Social Security eligibility. I just think it’s wrong.”
The increase in Social Security tax came as a result of the fiscal cliff.
“I knew it was inevitable. I knew it was coming,” Irvin Dees said. “With the way our Congress is, they have a hard time working things out. It’s a shame but that’s the way it is.”
Local News
Payroll tax hike hits home
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Great Suwannee River Race
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Happening today! May Day Fun Day
Come out Saturday to join in celebration of the Emancipation Proclamation
What: May Day Fun Day.
Why: To celebrate the Emancipation Proclamation.
Who: Local vendors, car show, activities for the kids.
Where: Douglass Center, 617 Ontario Ave. SW.
Time: 10 a.m. to 5 p.m. - Rant & Rave - May 17, 2013
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Live Oak: Alcohol ordinance passes 3-2
Compromise over time gets green light
Veto may be looming once more
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On tap this weekend
Relay for Life
'Treasures of the Suwannee'
May Day Fun Day
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City to consider new form of government
Talks are afoot for manager to govern department heads
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Great Suwannee River Race is tomorrow
The Great Suwannee River gets underway this Saturday at Little River Spring with rafts, canoes and kayaks racing to Ivey Park in Branford. Sponsored by the Kiwanis Club of Live Oak and the Rotary Club of Live Oak, the race is in its fourth year. Racing starts at 10 a.m. and awards will be given out at 1 p.m. Come join this group of fun seekers as they make their way anyway they can to the finish line.
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Democrat Morning Update for Friday, May 17, 2013
Good morning. Here are your updates for today.
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