A blog by Jacob
Posted in Politicson Jan 15, 2013
I noticed that some of my payroll taxes were a little higher this month. Yes, in spite of President Obama’s promise not to raise taxes. Since I budget, a decrease in my take home pay requires me to cut some of my budget categories. So I’ll be spending a little less on entertainment, personal care, travel, groceries, and hobbies. Yes, when taxes go up, my spending goes down, dollar per dollar. And that is how the economy is struggling to improve.