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If you were affected by the highest possible increase in payroll tax ie 2% of the first 113k of payroll income, that would be $2260 per year, or $188.33 per mon
by muzz 14y ago
If you were affected by the highest possible increase in payroll tax ie 2% of the first 113k of payroll income, that would be $2260 per year, or $188.33 per month.
You must have a very low mortgage payment.
- vubuntu 14y agoHe meant 'a mortgage payment' .. meaning one month's mortgage payment. If not, then yes $188.33 is highly unlikely to be a monthly mortgage payment even for the affordable Austin, TX area.
- caseysoftware 14y ago$X * 2 paychecks/month * 12 months > mortgage payment
- jstelly 14y agoI read this as total yearly tax increase being greater than one month's mortgage payment. "A payment" is usually one month of your mortgage (maybe plus taxes & insurance depending on your situation), isn't it? Anyway, that seems believable for Austin, TX.