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.”
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January 15, 2013
Payroll tax hike hits home
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- Local News
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Morning Update for Wednesday, June 19, 2013
Morning update
Good morning. Here are your updates for today.
Continued ... - Suwannee County School Board meeting notice for June 25, 2013
- Suwannee Country Club welcomes golf legend Don Branske
- Freedom Fest to celebrate America
- SHS sophomore Kevarrius Hayes commits to UF basketball for 2015
- WWII veteran Dr. Frederick Mickler gifted trip to D.C. aboard Honor Flight
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- Suwannee Democrat
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Morning Update for Wednesday, June 19, 2013
Morning update
- Suwannee County School Board meeting notice for June 25, 2013
- Suwannee Country Club welcomes golf legend Don Branske
- Freedom Fest to celebrate America
- SHS sophomore Kevarrius Hayes commits to UF basketball for 2015
- WWII veteran Dr. Frederick Mickler gifted trip to D.C. aboard Honor Flight
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- Suwannee Sports
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Suwannee Country Club welcomes golf legend Don Branske
Suwannee Country Club general manager, Jason Cannon, with new staff member and local golf legend, Don Branske.
- SHS sophomore Kevarrius Hayes commits to UF basketball for 2015
- Ulmer gains title of coach of the year
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- Jasper News
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WWII veteran Dr. Frederick Mickler gifted trip to D.C. aboard Honor Flight
Dr. Frederick Mickler and his daughter, Beverly Brown, returned from Washington, D.C., tired and smiling. Photo Credit: Karla Brandt
- 6 injured in mud bog accident in White Springs
- Ethics commission: No probable cause found Jarvis misused databases
- Summer vacation is here: what to do with the kids?
- HCHS 2013 graduates “toss their caps”-pic and video
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- Mayo Free Press
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Ethics commission: No probable cause found Jarvis misused databases
Robert L. "Skip" Jarvis Jr.
- FHP monitoring prescribed burn in Lafayette County
- Marijuana grow house busted in Lafayette County
- Summer vacation is here: what to do with the kids?
- Tropical Storm Andrea brings recharge, no river flooding expected
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- Arrest Record
- VIDEO
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HCHS 2013 graduates “toss their caps”-pic and video
The traditional “toss of the caps” by the 2013 graduating class of Hamilton County High School.
- Opera singer to perform in Live Oak
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- Features
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WWII veteran Dr. Frederick Mickler gifted trip to D.C. aboard Honor Flight
Dr. Frederick Mickler and his daughter, Beverly Brown, returned from Washington, D.C., tired and smiling. Photo Credit: Karla Brandt
- The History of Flag Day
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- Meetings
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