Found through Old NFO
"The INTENDED consequences were that I and all other retired and active duty military personnel in all branches of military service would be taxed on thirteen months of pay (the thirteenth month was the January 02, 2012 pay that was received on December 31, 2011 and accounted as 2011 pay).
Count the days.
This increased my taxable income enough that part of my Social Security became taxable.
Wait!….What?
In case you did not know, Social Security IS taxable. Now you know about another democrat party lie.
To continue: this shifting of income from 2012 to 2011 put me in higher tax brackets. It also made part of my Social Security taxable which bumped me into yet another higher tax bracket.
The end result was an additional $251.00 in income taxes. This was effectively a reduction in pay of $251.00 for that “thirteenth month”.
That may not sound like much, but it is more than one month’s basic utilities (gas, water, and electric) for me."
Go RTWT
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