wodehouse
Familiar Member
Joined: Jan 10, 2011 16:35:08 GMT -5
Posts: 786
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Post by wodehouse on Aug 16, 2013 13:38:27 GMT -5
yippee me!
My payroll just came in with no SS deduction. Passed the ceiling last month.
I remember back in the early '70's that guys I worked with would pass this about April, and they were only around 30 or s0. The ceiling was much less (relatively speaking) back then.
My budget shows me pumping this money into taxable "retirement" accounts.
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Deleted
Joined: Oct 7, 2024 0:21:41 GMT -5
Posts: 0
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Post by Deleted on Aug 16, 2013 13:41:16 GMT -5
Next goal, having to pay the supplemental medicare tax.
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Deleted
Joined: Oct 7, 2024 0:21:41 GMT -5
Posts: 0
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Post by Deleted on Aug 16, 2013 13:44:14 GMT -5
I hit that point at my next pay (end of the month). Yeah, I remember when I used to hit it around May.  Mine is also budgeted for more savings. |
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wodehouse
Familiar Member
Joined: Jan 10, 2011 16:35:08 GMT -5
Posts: 786
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Post by wodehouse on Aug 16, 2013 13:46:52 GMT -5
Archie, the "what"?
Is "supplemental" separate from the regular medicare tax?
In my budgeting and tax/payroll spreadsheet I treat SS and M separately. I don't think we ever get away from the Medicare tax do we? At least I'm sure that I never will.
Is this something new to me?
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Deleted
Joined: Oct 7, 2024 0:21:41 GMT -5
Posts: 0
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Post by Deleted on Aug 16, 2013 13:49:56 GMT -5
Archie, the "what"? Is "supplemental" separate from the regular medicare tax? In my budgeting and tax/payroll spreadsheet I treat SS and M separately. I don't think we ever get away from the Medicare tax do we? At least I'm sure that I never will. Is this something new to me? It is new in 2013. "Also, beginning in 2013 you must pay 0.9 percent more in Medicare taxes on earned individual income of more than $200,000" |
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wodehouse
Familiar Member
Joined: Jan 10, 2011 16:35:08 GMT -5
Posts: 786
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Post by wodehouse on Aug 16, 2013 13:52:51 GMT -5
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Deleted
Joined: Oct 7, 2024 0:21:41 GMT -5
Posts: 0
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Post by Deleted on Aug 17, 2013 11:23:46 GMT -5
No SS in 2013! We are slackers! Next thing you know we'll be eating crab legs, I'll be trading in my 30 year old Coach purse for a new one, and buying an Escalade.  |
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Nazgul Girl
Junior Associate
Babysitting our new grandbaby 3 days a week !
Joined: Dec 25, 2010 23:25:02 GMT -5
Posts: 5,913
Today's Mood: excellent
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Post by Nazgul Girl on Aug 17, 2013 12:35:15 GMT -5
You guys just need to keep up. Geeze. I'm ashamed to be posting on the same board as you all. On the other hand, no way am I going to be free of the FICA tax on my paycheck, so congrats to you, Wodehouse !
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