Quantcast

Four State owners say don't blame them for 2% decrease - KOAM TV 7

Four State owners say don't blame them for 2% decrease in take-home pay

Updated:

Many folks haven't received that first paycheck of 2013.  But they'll see a difference in earnings and may be calling human resource directors and accounting officers for an explanation.

Smaller paychecks are in store for most Americans now that the Social Security tax reduction has expired.

The message from most employers we spoke with is don't blame the boss.

Social Security taxes were reduced by 2% for 2011 and 2012 but that expired with the new year.

Workers at Vintage Stock say they haven't even noticed the change on paychecks.  And while they're not happy to lose any income they say there's little they can do about it.  The company's owner says a message will go out in the next paycheck explaining the change in the social security tax increasing from 4.2% to 6.2%.

Other companies are doing the same and at SNC2 a number of employees received raises in the New Year but those won't appear so big on their  paychecks now.

"I want them to understand this is not something I'm taking away from them, this is not something I'm doing on purpose, this was something - a law that was changed, was in effect a couple years ago and now they're taking that away - the challenge is it's always difficult," says John Motazedi, CEO for SNC2.  "It's easy to give money away.  It's difficult to take it back and people don't understand it."

Most say the decrease will look small on a paycheck-to-paycheck basis - from $5 to $10 for somebody making $25,000 a year - over the year it'll add up.

  • Local NewsMore>>

  • Osage Ballet Coming to Coleman Theatre

    Osage Ballet Coming to Coleman Theatre

    Thursday, July 24 2014 12:22 PM EDT2014-07-24 16:22:47 GMT
    “Wahzhazhe” an Osage Ballet will again grace the Oklahoma stage. The Osage Ballet will hold three July performances of “Wahzhazhe, an Osage Ballet,” at the Historic Coleman Theatre in downtown Miami, Oklahoma.More >>
    “Wahzhazhe” an Osage Ballet will again grace the Oklahoma stage. The Osage Ballet will hold three July performances of “Wahzhazhe, an Osage Ballet,” at the Historic Coleman Theatre in downtown Miami, Oklahoma.More >>
  • Joplin Couple Indicted for Sexual Exploitation of Another Victim

    Joplin Couple Indicted for Sexual Exploitation of Another Victim

    Thursday, July 24 2014 11:09 AM EDT2014-07-24 15:09:21 GMT
    Tammy Dickinson, United States Attorney for the Western District of Missouri, announced that the wife of a Joplin, Mo., man who was previously indicted on child pornography charges was indicted along with her husband by a federal grand jury today for the sexual exploitation of a second child victim.More >>
    Tammy Dickinson, United States Attorney for the Western District of Missouri, announced that the wife of a Joplin, Mo., man who was previously indicted on child pornography charges was indicted along with her husband by a federal grand jury today for the sexual exploitation of a second child victim.More >>
  • Joplin Man Indicted for Child Porn

    Joplin Man Indicted for Child Porn

    Thursday, July 24 2014 11:01 AM EDT2014-07-24 15:01:00 GMT
    Tammy Dickinson, United States Attorney for the Western District of Missouri, announced that a Joplin, Mo., man was indicted by a federal grand jury today for receiving and distributing child pornography over the Internet.Frank Edwin Ness, 44, of Joplin, was charged in an indictment returned by a federal grand jury in Springfield, Mo. Today’s indictment...More >>
    Tammy Dickinson, United States Attorney for the Western District of Missouri, announced that a Joplin, Mo., man was indicted by a federal grand jury today for receiving and distributing child pornography over the Internet.Frank Edwin Ness, 44, of Joplin, was charged in an indictment returned by a federal grand jury in Springfield, Mo. Today’s indictment...More >>
Powered by WorldNow

KOAM - Licensed to Pittsburg, Kansas
Send tips, ideas and press releases to: tips@koamtv.com
Send newsroom questions or comments to: comments@koamtv.com
Phone: (417) 624-0233 or (620) 231-0400
Web comments or questions: webmaster@koamtv.com
Newsroom Fax: (417) 624-3158

Powered by WorldNow All content © Copyright 2000 - 2014 WorldNow and KOAM. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.