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Old 01-11-2013, 09:50 AM   #57
evolved
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Join Date: Dec 2007
Location: Saint Louis, MO
Posts: 818
My Ride: 2011 BMW 135i
Quote:
Originally Posted by andrewrossnagel View Post
where are you getting 45 from?
Outside of the prior 2 years we all paid 6.2% of our paychecks to Social Security. In 2011 and 2012 we got a tax break and paid 4.2%. This year, we are back to paying the normal 6.2%. The delta of this is obviously 2%.


Now, if a person is earning $14/hr and working 40 hours per week, they are earning a gross amount per month of $2,240.....2% of which is equal to $44.80. It'll vary a little bit, obviously, but you get the point. I hope.
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2006 Mazdaspeed 6 GT, 2000 BMW 323ci, 2003 Evolution VIII, 1995 Nissan 240sx w/ SR20DET

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