LBI Real Estate Weekly Sales Update 09/12/2021-09/19/2021Long Beach Island Real EstateLBI Real Estate Weekly Sales Update 09/12/2021-09/19/2021: Activity saw a major increase this week
Fiscal Cliff Averted So They Say
Dated: January 2 2013
So they say we have averted the so called Fiscal Cliff. Well, anyone paying into social security will notice a pretty substantial decrease in thier pay this year. My wife and I had the unfortunate surprise of seeing our first paychecks of the new year and realized that for starters they will be about $220 less per month. Sounds like a car payment to me! Your deduction on average, will go up 2% per year on what you pay into social security. And that is for people who work for an employer. The average for self employed people will be almost double that. As the country tries to climb out of one of the greatest recessions in history, I can only hope that the government is pointing us in the right direction. Personally, I would think MORE money in the pockets of the American people would be more beneficial than raising what comes out of those same pockets.
My thought is this, If we averted the so called Fiscal Cliff and we still lost a substantial amount of our paychecks, would going over the Cliff have felt less like a cliff and more like Felix Baumgartner's record 128,097 ft. SPACE JUMP? Just a thought.
On a much lighter note...I would like to wish all of you a VERY SAFE, HEALTHY, PROSPEROUS AND HAPPY NEW YEAR! WELCOME TO 2013!
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