You know the corner of your paycheck that shows the amount of money taken by the government each pay cycle? Well, prepare to give more, starting now. Lawmakers threw the break we’ve been getting on payroll taxes right over the Fisall Cliff. We’ve calculated the new cost so many Americans – perhaps you find some familiar numbers below….
In Owensboro Kentucky, a medical lab technician making $37,100 will pay an additional $742 a year — or $2300 in total.
In Framingham, Massachus a software developer earning $102,120 will pay an extra $2042 — or $6,331 in total.
In Modesto, California a choreographerwith an annual salary of $49,260 will pay an extra $985 — or $3054 in total.
A lawyer in New Haven Connecticut earning $131,690 would pay an extra $2,274 – because the tax affects only the first $113,700 we earn. Anyone else in the country earning $113,700 or more — including the architectural managers in Macon Georgia earning $117,850, the CEOs in Bethesda, Maryland earning $216,430, the sales managers in Denver, Colorado earning $128,280, a dentist in Billings, Montana earning $114,000 and the physicists in Huntsville, Alabama earning $114,050 — would all still pay only $2,274 more. (It used to be, while we were getting the tax break, it applied to the first $110,000 we earned. Now it applies to the first $113,700 we earn.)
In Bangor, Maine a special education teacherearning $52,870 would pay an extra $1,057 — or $3277 total.
In Bloomington, Indiana a physical therapist earning $75,170 would pay an extra $1,503 — or a total of $4660.
A compliance officer in Newark, New Jersy earning $77,410 would pay an extra $1,548 or a total of $4799 each year.
A police dectective in Greensboro, North Carolina earning $63,250 would pay an extra $1,265 or a total of $3,921.
An optomotrist in Toledo, Ohio earning $192,790 would pay an extra $2,200 because, yes, that’s the cap.
A property manager in Richmond, Virgnia earning $94,500 would pay an extra $1,890 or a total of $5,859.
Sales repsin Madison, Wisconson earning $82,170 would pay an extra $1,643 or $5,094 total.A chiropractor in Burlington, Vermont earning $63,350 would pay an extra $1,267 or $3927.
An electrical engineer in Seattle Washington earning $94,610 would pay an extra $1,892 or $5,865.
A benefits manager in Dallas Texas earning $108,200.
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