How much of your paycheck goes to taxes?? (US only) - DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate

**ayWCZ7VT** · 08-20-2010, 03:19 AM

I guess the answer will vary greatly depending on income/job/state/county/etc... but I'm just curious what others are paying?

Right now I'm averaging about 29-30% goes to taxes... [thumbdown]

**rockboyzaza** · 08-20-2010, 03:40 AM

Right now I'd say it was around 20% but my State and Federal withholding is low. They'll want some more at the end of year.

**nasdfrdg** · 08-20-2010, 04:03 AM

About 20% or so.

**berdyanskdotsu** · 08-20-2010, 04:14 AM

30%. Wish I could just set it to zero though. I have to write a check to the tax man every year anyway because of not-work income so it wouldn't make any difference, except making me happier at the end of 11 months of the year.

**ayWCZ7VT** · 08-20-2010, 04:32 AM

I guess what pisses me off is that i got a $1hr raise and my tax percentage jumped from about 20% @10/hr to nearly 30% @ 11/hr

*facepalm*

In reality I'm making about $0.14 (cents) more an hour in my pocket[rolleyes][ban]

*warning* number are based on averages... lol

**RjkVwPcV** · 08-20-2010, 04:37 AM

23% in the past, not sure now.

**samanthalueus** · 08-20-2010, 05:51 AM

30%. Wish I could just set it to zero though. I have to write a check to the tax man every year anyway because of not-work income so it wouldn't make any difference, except making me happier at the end of 11 months of the year.

As the XeoBllaze of the APTT, I can say this can be arranged:

http://www.apttax.com/

**berdyanskdotsu** · 08-20-2010, 06:36 AM

As the XeoBllaze of the APTT, I can say this can be arranged:

http://www.apttax.com/

Eh, its better than being told about some creepy old man in the sky watching me take a shower.

Still, I might have to sic my investment lady on this and see what kind of money I'd be giving up each year under this...

**gogoleanylinkfo** · 08-20-2010, 06:41 AM

about eleventyfive pounds

**QbCp7LaZ** · 08-20-2010, 09:19 AM

Pretty simple, really: http://www.moneychimp.com/features/tax_brackets.htm

**TepSteade** · 08-20-2010, 09:26 AM

I guess what pisses me off is that i got a $1hr raise and my tax percentage jumped from about 20% @10/hr to nearly 30% @ 11/hr

*facepalm*

In reality I'm making about $0.14 (cents) more an hour in my pocket[rolleyes][ban]

*warning* number are based on averages... lol

I guess I don't get it? How can you be in the 30% bracket if you only make $11 an hour? Do you have a lot of side income or do you just work insane hours to get your total earnings per year into that bracket?

**QbCp7LaZ** · 08-20-2010, 09:40 AM

I guess I don't get it? How can you be in the 30% bracket if you only make $11 an hour? Do you have a lot of side income or do you just work insane hours to get your total earnings per year into that bracket?

He is not talking Federal taxes only.

Here is my theory:

He is including state, local (if any) and federal taxes and possibly even SS and FICA and others. Before his raise, he probably did not make enough per pay period to have state tax taken out of his check, now he does so the raise seems insignificant.

**Ephedrine** · 08-20-2010, 09:44 AM

About 80% I guess.

**awagsFare** · 08-20-2010, 10:17 AM

I guess I don't get it? How can you be in the 30% bracket if you only make $11 an hour? Do you have a lot of side income or do you just work insane hours to get your total earnings per year into that bracket?

isnt overtime taxed differently??

**BgpOoGI2** · 08-20-2010, 10:33 AM

isnt overtime taxed differently??

Overtime is only taxed differently if it means you are put into the next tax bracket for that pay period.

**rockboyzaza** · 08-20-2010, 11:26 AM

He is not talking Federal taxes only.

Here is my theory:

He is including state, local (if any) and federal taxes and possibly even SS and FICA and others. Before his raise, he probably did not make enough per pay period to have state tax taken out of his check, now he does so the raise seems insignificant.

Still doesn't seem to make sense to me. You pay so much of your income in each bracket so even if you earn $85000, $8000 will be taxed at 10%, the next $26,000 at 15%, next $48,000 at 25%. You'd only pay 28% on the last $3000. So I don't see how $1 an hour can become $0.14 after tax.

**QbCp7LaZ** · 08-20-2010, 11:43 AM

Still doesn't seem to make sense to me. You pay so much of your income in each bracket so even if you earn $85000, $8000 will be taxed at 10%, the next $26,000 at 15%, next $48,000 at 25%. You'd only pay 28% on the last $3000. So I don't see how $1 an hour can become $0.14 after tax.

You have to make above a certain amount a pay period to get taxed by the state at all (at least in my state).

**pouslytut** · 08-20-2010, 02:54 PM

About 80% I guess.

If you're serious how is that possible?

**Ephedrine** · 08-20-2010, 10:05 PM

It wasn't a very accurate guess because I'm poor and am in the lower tax brackets. But with 52% income tax and 19% VAT, it's not that hard to have 80% of your pay check ending up at taxes.

**refdhbgtd** · 08-20-2010, 10:20 PM

i know this is US only, but i´d still like to contribute.
According to my pay slip for July roughly 33 % went to Taxes.

[thumbdown]

08-20-2010, 03:19 AM	#1
ayWCZ7VT Join Date Oct 2005 Posts 411 Senior Member	How much of your paycheck goes to taxes?? (US only) I guess the answer will vary greatly depending on income/job/state/county/etc... but I'm just curious what others are paying? Right now I'm averaging about 29-30% goes to taxes... [thumbdown] Share Share this post on Digg Del.icio.us Technorati Twitter
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08-20-2010, 03:40 AM	#2
rockboyzaza Join Date Oct 2005 Posts 414 Senior Member	Right now I'd say it was around 20% but my State and Federal withholding is low. They'll want some more at the end of year. Share Share this post on Digg Del.icio.us Technorati Twitter
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08-20-2010, 04:03 AM	#3
nasdfrdg Join Date Oct 2005 Posts 373 Senior Member	About 20% or so. Share Share this post on Digg Del.icio.us Technorati Twitter
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08-20-2010, 04:14 AM	#4
berdyanskdotsu Join Date Oct 2005 Posts 428 Senior Member	30%. Wish I could just set it to zero though. I have to write a check to the tax man every year anyway because of not-work income so it wouldn't make any difference, except making me happier at the end of 11 months of the year. Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

08-20-2010, 04:32 AM	#5
ayWCZ7VT Join Date Oct 2005 Posts 411 Senior Member	I guess what pisses me off is that i got a $1hr raise and my tax percentage jumped from about 20% @10/hr to nearly 30% @ 11/hr facepalm In reality I'm making about $0.14 (cents) more an hour in my pocket[rolleyes][ban] warning number are based on averages... lol Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

08-20-2010, 04:37 AM	#6
RjkVwPcV Join Date Oct 2005 Posts 447 Senior Member	23% in the past, not sure now. Share Share this post on Digg Del.icio.us Technorati Twitter
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08-20-2010, 05:51 AM	#7
samanthalueus Join Date Nov 2005 Posts 515 Senior Member	30%. Wish I could just set it to zero though. I have to write a check to the tax man every year anyway because of not-work income so it wouldn't make any difference, except making me happier at the end of 11 months of the year. As the XeoBllaze of the APTT, I can say this can be arranged: http://www.apttax.com/ Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

08-20-2010, 06:36 AM	#8
berdyanskdotsu Join Date Oct 2005 Posts 428 Senior Member	As the XeoBllaze of the APTT, I can say this can be arranged: http://www.apttax.com/ Eh, its better than being told about some creepy old man in the sky watching me take a shower. Still, I might have to sic my investment lady on this and see what kind of money I'd be giving up each year under this... Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

08-20-2010, 06:41 AM	#9
gogoleanylinkfo Join Date Oct 2005 Posts 439 Senior Member	about eleventyfive pounds Share Share this post on Digg Del.icio.us Technorati Twitter
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08-20-2010, 09:19 AM	#10
QbCp7LaZ Join Date Oct 2005 Posts 490 Senior Member	Pretty simple, really: http://www.moneychimp.com/features/tax_brackets.htm Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

08-20-2010, 09:26 AM	#11
TepSteade Join Date Nov 2005 Posts 493 Senior Member	I guess what pisses me off is that i got a $1hr raise and my tax percentage jumped from about 20% @10/hr to nearly 30% @ 11/hr facepalm In reality I'm making about $0.14 (cents) more an hour in my pocket[rolleyes][ban] warning number are based on averages... lol I guess I don't get it? How can you be in the 30% bracket if you only make $11 an hour? Do you have a lot of side income or do you just work insane hours to get your total earnings per year into that bracket? Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

08-20-2010, 09:40 AM	#12
QbCp7LaZ Join Date Oct 2005 Posts 490 Senior Member	I guess I don't get it? How can you be in the 30% bracket if you only make $11 an hour? Do you have a lot of side income or do you just work insane hours to get your total earnings per year into that bracket? He is not talking Federal taxes only. Here is my theory: He is including state, local (if any) and federal taxes and possibly even SS and FICA and others. Before his raise, he probably did not make enough per pay period to have state tax taken out of his check, now he does so the raise seems insignificant. Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

08-20-2010, 09:44 AM	#13
Ephedrine Join Date Dec 2005 Posts 378 Senior Member	About 80% I guess. Share Share this post on Digg Del.icio.us Technorati Twitter
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08-20-2010, 10:17 AM	#14
awagsFare Join Date Oct 2005 Posts 567 Senior Member	I guess I don't get it? How can you be in the 30% bracket if you only make $11 an hour? Do you have a lot of side income or do you just work insane hours to get your total earnings per year into that bracket? isnt overtime taxed differently?? Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

08-20-2010, 10:33 AM	#15
BgpOoGI2 Join Date Oct 2005 Posts 412 Senior Member	isnt overtime taxed differently?? Overtime is only taxed differently if it means you are put into the next tax bracket for that pay period. Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

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08-20-2010, 11:26 AM	#16
rockboyzaza Join Date Oct 2005 Posts 414 Senior Member	He is not talking Federal taxes only. Here is my theory: He is including state, local (if any) and federal taxes and possibly even SS and FICA and others. Before his raise, he probably did not make enough per pay period to have state tax taken out of his check, now he does so the raise seems insignificant. Still doesn't seem to make sense to me. You pay so much of your income in each bracket so even if you earn $85000, $8000 will be taxed at 10%, the next $26,000 at 15%, next $48,000 at 25%. You'd only pay 28% on the last $3000. So I don't see how $1 an hour can become $0.14 after tax. Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

08-20-2010, 11:43 AM	#17
QbCp7LaZ Join Date Oct 2005 Posts 490 Senior Member	Still doesn't seem to make sense to me. You pay so much of your income in each bracket so even if you earn $85000, $8000 will be taxed at 10%, the next $26,000 at 15%, next $48,000 at 25%. You'd only pay 28% on the last $3000. So I don't see how $1 an hour can become $0.14 after tax. You have to make above a certain amount a pay period to get taxed by the state at all (at least in my state). Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

08-20-2010, 02:54 PM	#18
pouslytut Join Date Oct 2005 Posts 527 Senior Member	About 80% I guess. If you're serious how is that possible? Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

08-20-2010, 10:05 PM	#19
Ephedrine Join Date Dec 2005 Posts 378 Senior Member	It wasn't a very accurate guess because I'm poor and am in the lower tax brackets. But with 52% income tax and 19% VAT, it's not that hard to have 80% of your pay check ending up at taxes. Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

08-20-2010, 10:20 PM	#20
refdhbgtd Join Date Oct 2005 Posts 398 Senior Member	i know this is US only, but i´d still like to contribute. According to my pay slip for July roughly 33 % went to Taxes. [thumbdown] Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote