American workers are opening their first paychecks of 2013 and are finding an undesirable surprise: Uncle Sam's take has gone up. Because a temporary cut in Social Security withholdings is gone, giving average Americans $1000 less income. Which in turn, will negatively affect retailers.
Why do I have a smaller paycheck this month?
Six tax issues to watch in 2013 | Video
Americans feel austerity's bite as payroll taxes rise