slick4591
Well-known member
FYI: My wife's gubmint job just sent this to all employees.
Sorry, the chart didn't get delivered to me.
A temporary federal tax relief measure will end at the end of 2011, so don't be surprised if it has an effect on your take home pay come January.
The Tax Relief, Unemployment Insurance Re-authorization, and Job Creation Act of 2010 reduced 2011 Social Security tax rates for employees from 6.2 percent to 4.2 percent.
Without further changes in the law, these tax rates will return to 6.2 percent beginning in 2012. Here is a chart from the Social Security Administration with more details. The rate change is not part of any county-related policy change or adjustment, but a federally mandated one.
This means that most employees could see a 2% decrease in your take-home pay starting on the first paycheck of 2012.
Sorry, the chart didn't get delivered to me.