With the implementation of the new tax rates and Payroll Tax increases nearly every paycheck in America will be reduced by at least 2%. Many I know are complaining that an average of $60 to $200 a month is being deducted from their paychecks.
Not all have seen this increase just yet but it will be coming soon enough.
My question to you is what are you going to reduce your budget for these increased taxes? I will probably cut out eating out more and drive less. What will you be cutting out of your budget?