Shared sacrifices
I've been blessed to have some overtime come my way the past month. I do very well when I work OT; time and a half at what I make is good money. This payday, I worked two hours of overtime more than I worked the pay period before. Tonight I looked at what will go in the bank tomorrow and I will get $6 less than the previous pay period.
If you haven't been paid yet this year, you'll see the same thing in your paycheck that I saw in mine tonight. The 2% payroll tax holiday is over. For me, it's an additional $100 a month, roughly in Social Security taxes.
I agree that holiday needed to stop. The economy needed that boost of cash. But now we gotta start getting our financial house in order in this country. I gotta do my part, but that means an already tight belt just got a lot tighter.
It's not a gripe from me because I support having the rich pay more. I can't ask them to do that without not wanting to do my part. I want to collect my social security. It's part of my retirement package. I'm counting on it for my retirement because of the program I'm in for retirement. So I don't mind paying my fair share.
But keep in mind, too that I'm headed into year #3, as many of you are as well, of no pay raise.
I'm curious to see three months down the road what effect the holiday being over has on the economy. I honestly think you're going to see grocery prices come down. They're going to have to. Or a lot of us are going to be on a diet we didn't intend to be.
You're already seeing the effect of this at the pump. When I was in Salt Lake, I paid $2.79 for gas at Chevron. Up here in the great white north of Utah, it's $2.97. Why is that? Oh, that's for another time. But listen, 2% of your take home pay gone, that's a chunk of money for everyone. I know what I make and I know what that's going to do to me. I also know what that's going to look like in households across America.
Don't be surprised if the economy takes a bit of a hit.
If you haven't been paid yet this year, you'll see the same thing in your paycheck that I saw in mine tonight. The 2% payroll tax holiday is over. For me, it's an additional $100 a month, roughly in Social Security taxes.
I agree that holiday needed to stop. The economy needed that boost of cash. But now we gotta start getting our financial house in order in this country. I gotta do my part, but that means an already tight belt just got a lot tighter.
It's not a gripe from me because I support having the rich pay more. I can't ask them to do that without not wanting to do my part. I want to collect my social security. It's part of my retirement package. I'm counting on it for my retirement because of the program I'm in for retirement. So I don't mind paying my fair share.
But keep in mind, too that I'm headed into year #3, as many of you are as well, of no pay raise.
I'm curious to see three months down the road what effect the holiday being over has on the economy. I honestly think you're going to see grocery prices come down. They're going to have to. Or a lot of us are going to be on a diet we didn't intend to be.
You're already seeing the effect of this at the pump. When I was in Salt Lake, I paid $2.79 for gas at Chevron. Up here in the great white north of Utah, it's $2.97. Why is that? Oh, that's for another time. But listen, 2% of your take home pay gone, that's a chunk of money for everyone. I know what I make and I know what that's going to do to me. I also know what that's going to look like in households across America.
Don't be surprised if the economy takes a bit of a hit.
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