wnrsm Wrote:
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> Things always balance out. The more the raise,
> the less money they'll have when they have to cut
> back. 3% more money today, 3% fewer employees
> tomorrow.
Actually, the 2% Fairfax County employee raise will be wiped out come January 2012. Also, employees of other companies will see their tax increase by 2%.
Obama-nomics hard at work for the citizens. Please read:
For 2011, the Social Security tax hit is less because of a one-year 2% point reduction in the Social Security tax withholding rate on wages — from the normal 6.2% to 4.2% (your employer’s 6.2% rate is unchanged). For 2012 and beyond, however, Social Security tax withholding on your wages will jump back to the standard 6.2% rate.
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