Date: January 4, 2013
To: All Employees
From: Cathy XXXXX, SVP, Human Resources
Subject: Important Change Affecting Your Paycheck
I wanted to let you know about a change that will affect your paycheck beginning this week.
As you are probably aware, Congress passed major tax and spending legislation over the New Year’s holiday. In passing that legislation, Congress chose not extend a 2010 tax cut that affects nearly all American workers.
All employers, including Tenet, are required by the federal government to deduct a portion of each employee’s wages to fund Social Security. This “payroll tax†(which is identified as “FICA-SS†on your paystub) was temporarily reduced in 2010 and 2011 from 6.2 percent to 4.2 percent. That tax cut expired on December 31, 2012.
Because Congress did not extend the tax cut, all employees will see an increase in the amount of Social Security/FICA tax that is withheld from their paychecks each pay period. While this change will affect each employee differently, as an example, a person earning $50,000 will pay an additional $83 in taxes each month.
This change is mandated by the federal government and is not a change in our compensation policies. However, I am committed to making sure you are informed about changes like this that affect you.
If you have any questions about this change, please contact your Human Resources representative.
Cathy
If they would just go after even a small portion of the FRAUD that goes on with Social Security they could reduce the amount withheld from your paycheck significantly.
The working taxpayers should DEMAND that the government reduce the fraud in the system!
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The American people should demand they be given the option to opt out of the Social Security System. It’s a pyramid scheme and a scam that only works in a world in which the population grows perpetually.
I wonder how much the SS Trust Fund was shorted in total, for these 2 years of Obama’s “Economy Fix”?
2% of all of the wages of the nation for the last two years.
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