Quantcast
Jump to content


Joe Marconi

Increase in Social Security Affects staff and customers

Recommended Posts

It might be a good idea to create a memo about the rise in social security taken out of everyone’s pay and give it to your employees. Many people may not realize what the increase is and how it will affect their take-home pay. Social security tax is now 6.2%, up from 4.2%.

 

That means a family that earns $50,000 a year, will see an extra $1,000 deducted from their paychecks this year. That comes to an extra $40 a paycheck. Less take home pay means less money spent in the economy too, so we all need to see how this plays out for business.

Share this post


Link to post
Share on other sites


Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.




×
×
  • Create New...