U.S. wage earners are feeling the pain this week as they receive smaller paychecks due to the elimination of a 2% tax break on social welfare taxes under the recent tax act. A new 3.8% tax is also imposed on the investment income of higher-earners for Obamacare, as well as an extra 0.9% tax on earned income.
It is getting too difficult to remember the number and computations without a scorecard, so I have prepared one. Click on the image below or here to open a larger PDF version that is readable. Of course, these taxes are separate and apart from (that is, are in addition to) income taxes.
![13 Federal Social Welfare Taxes (2013) 13 Federal Social Welfare Taxes (2013)](http://lh3.ggpht.com/-W0R2xCMe7cc/UPFijid7xwI/AAAAAAAAAeA/2A3KcossGUM/13%252520Federal%252520Social%252520Welfare%252520Taxes%252520%2525282013%252529%25255B3%25255D.jpg?imgmax=800)
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