Payroll Tax Executive Order

Termine

Trusted Contributor
Messages
252
You guy's make this super complicated, it's literally just 6.2% of your gross for that pay period. Save that.

I.e. gross paycheck amount x .062 = employee OASDI

It's a smidge more complicated than that. Take out your health/dental/vision insurance premiums and any FSA/HSA contributions you're making, then multiply by 0.062. But basically what you said. It's not unknowable.
 

Shikaka

Legendary Member
Messages
1,759
It's a smidge more complicated than that. Take out your health/dental/vision insurance premiums and any FSA/HSA contributions you're making, then multiply by 0.062. But basically what you said. It's not unknowable.

You need more emphasis on smidge, it's a really simple thing to figure out.
 

Termine

Trusted Contributor
Messages
252
Wait so if we get a raise or work premiums in the winter do we just pay 12 percent on more?
The way it's written you shouldn't. They should keep a record of what you owe now and add it to the 6.2% you'll pay as normal come the new year. But keep an eye on it, I'd bet dollars to donuts they screw it up somehow.

You need more emphasis on smidge, it's a really simple thing to figure out.
It's a smidge more complicated than that.
 

Here4thedrama

Member
Messages
33
Anyone else still getting OASDI taxes taken out?
Sooo I thought I still did because it Showed it as a deduction as if it was taken out. Then I read OASDI tax is deferred, however, it still shows as a deduction in the notes.
I calculated all my deductions up and subtracted it from my gross and the OASDI tax was not included, but looking at it you can’t tell. So, they did defer it. I don’t like how they did this though....it makes it seem like it was still taken out and I promise most people will look and see it that way.
 

Termine

Trusted Contributor
Messages
252
Sooo I thought I still did because it Showed it as a deduction as if it was taken out. Then I read OASDI tax is deferred, however, it still shows as a deduction in the notes.
I calculated all my deductions up and subtracted it from my gross and the OASDI tax was not included, but looking at it you can’t tell. So, they did defer it. I don’t like how they did this though....it makes it seem like it was still taken out and I promise most people will look and see it that way.

Jeeeeeeezus. I thought exactly what you did, in the Deductions section it said they took out the full 6.2% and I believed it. Now I'm going back and seeing that while the Total Deductions number does show the full withholding, the Net Pay number does not.

That's... I'm going to give them the benefit of the doubt and say it isn't "devious" but only because it's a government software system and it may be there's no way of showing it differently. But it's very close to "devious."

edit: the email we got from our RVP said they would only not-withhold the days on and after September 1st, i.e. not the first two days of the pay period. But the difference between what my net pay should be and what it actually is is the full OASDI withholding for the pay period, even though I worked Monday. Sheesh.

And for anyone who didn't scroll down to the bottom of their LES like I didn't, here's what it says: YOUR NET PAY INCLUDES DEFERRED OASDI TAX AMOUNT; ALTHOUGH, YOU WILL SEE IT REFLECTED IN DEDUCTIONS.
 
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makattack71

Member
Messages
35
Jeeeeeeezus. I thought exactly what you did, in the Deductions section it said they took out the full 6.2% and I believed it. Now I'm going back and seeing that while the Total Deductions number does show the full withholding, the Net Pay number does not.

That's... I'm going to give them the benefit of the doubt and say it isn't "devious" but only because it's a government software system and it may be there's no way of showing it differently. But it's very close to "devious."
I actually lol’ed reading the remarks. Imagining thinking that’s the phrase you want to put on everyone’s LES
 

Here4thedrama

Member
Messages
33
Jeeeeeeezus. I thought exactly what you did, in the Deductions section it said they took out the full 6.2% and I believed it. Now I'm going back and seeing that while the Total Deductions number does show the full withholding, the Net Pay number does not.

That's... I'm going to give them the benefit of the doubt and say it isn't "devious" but only because it's a government software system and it may be there's no way of showing it differently. But it's very close to "devious."

edit: the email we got from our RVP said they would only not-withhold the days on and after September 1st, i.e. not the first two days of the pay period. But the difference between what my net pay should be and what it actually is is the full OASDI withholding for the pay period, even though I worked Monday. Sheesh.

And for anyone who didn't scroll down to the bottom of their LES like I didn't, here's what it says: YOUR NET PAY INCLUDES DEFERRED OASDI TAX AMOUNT; ALTHOUGH, YOU WILL SEE IT REFLECTED IN DEDUCTIONS.
Correct. I read that email too and worked those 2 days, 30th and 31st, yet the entire amount was deferred.
 

ClearanceClarence

Forum Sage
Messages
696
So I guess the best thing to do is set aside the deferred amount in savings or something and then use that when our checks drop next year. What a fucking annoyance.
 

LE

Member
Messages
11
I’ve got the full deduction, but then the same amount under “benefits paid by govt.” Nothing mentioned in remarks.
 

Here4thedrama

Member
Messages
33
My LES shows the full amount being withheld as usual and it doesnt say anything about it in the remarks. Maybe it varies by region?

It wouldn’t vary by region...we all get paid the same. So your gross is under 4K and your net pay reflects they deducted the OASDI tax as well? I’m sure they won’t be perfect with it. Are they ever? There were plenty of issues with the furlough payback shit, people missing days/holidays etc. it’s really just saying pay attention if your pay could be affected and you think it will cause you issues next year if your pay differs. I would say most people are just checking to make sure they don’t get screwed out of pay somehow.
 

bomber996

Trusted Contributor
Messages
76
So I gota ask. Where is everyone putting their deferred OASDI monies? Taking the safe route in a high yield savings account or playing the stock market game?
 

32andBelow

Legendary Member
Messages
3,240
So I gota ask. Where is everyone putting their deferred OASDI monies? Taking the safe route in a high yield savings account or playing the stock market game?
I’m maxing my Roth IRA and then I won’t have to contribute in janurary and it’ll balance out
 
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