It's official, my dad gets raped by taxes

[Viper0329]

He grossed $3800 on his paycheck, but only cleared right under $1500. #%$# taxes.

 

[Sundog]

Is he claiming single with 0 deductions + $xxx?

Or does he owe back taxes they are collecting?

Or does he make $3800 per week which would put him in a really high tax bracket?

 

[Stark]

hehe... welcome to reality kid. This is your future.

 

[Gyrene]

Um...he's not the only one. If you make more than 50K a year, yo get raped by taxes.

 

[Vic]

Originally posted by: Viper0329
He grossed $3800 on his paycheck, but only cleared right under $1500. #%$# taxes.

That doesn't sound right. Should be the other way around. He should be clearing 60%, not paying 60%. Is he contributing a large % into his 401k or paying a lot for medical?

 

[Spoooon]

Tell him thank you for me.

 

[Viper0329]

Every two weeks. He claims single with no dependents.

 

[KGB1]

Yeap... I guess to fend off the tax man; you can have like 7 kids and pretty much skip filing taxes and go get welfare. Then you'd have 7 kids to take care of though

 

[slycat]

vote for Arnold!
vote for Arnold!

 

[sillymofo]

Man...don't you guys learn anything from us Azn? We don't pay no stinking taxes...

 

[Rob9874]

Originally posted by: Viper0329
He grossed $3800 on his paycheck, but only cleared right under $1500. #%$# taxes.

That's not right. I gross $2040, and I get just under $1500. And that's after wife's health insurance deductions. He probably has other things deducted too (stock purchase, 401K, family's health insurance)

 

[Sundog]

Originally posted by: Viper0329
Every two weeks. He claims single with no dependents.

And you sai he cleared $1500.
Out of the $2300 taken out of the paycheck:

How much was taxes?
How much was medical?
How much was 401k?
And is he paying off a previous loan from his 401k?

 

[JEDI]

um..u forgeting health/dental insurance for the whole family. and life insurance.

and probably employee stock purchase plan. and 401k plan

not to mention child support payments garnished from the check. as well as the lawsuit he lost. alamony to his ex-wife..or palamony payments to his long time girlfriend?

and the list goes on, etc

 

[JEDI]

Originally posted by: Viper0329
Every two weeks. He claims single with no dependents.

hm..what state? i make more than your dad, but i clear 2/3 of my check as take home, and thats with all the deductions stated above

edit: but i;m single. so only single person health plan instead of family health plan. and no additional/supplemental life insurance

 

[mikebb]

I'm sure your dad appreciates you posting how much he makes on ATOT...

 

[Mister T]

I gross $2,708.33 every two weeks (base pay)

Medical PPO: 32.75
Dental PPO: 7.60
401K: 541.67
Social Security: 165.44
Medicare: 38.79
Federal: 275.12
NY disability: 1.30
NY withholding: 103.49
NYC witholding: 61.59
Supplemental term life: 5.50
Accidental death and dismemberment: 3.03
Long Term disability: 11.09

Net income: 1,461.06

My tax withholdings are 3 exemptions for federal, 2 for state and 2 for local.
I file single with no dependents.

I get bent over yo

 

[XZeroII]

Everyone gets raped. Yet, you still see people clamoring for federal healthcare

 

[mithrandir2001]

I gross in the vicinity of $3000 every two weeks and my check comes to about 58% of my gross. I do contribute $500 every pay period to a 401(k). If I didn't save at all (which isn't an option), I would get about 71% of my gross. Single, no dependents. It was worse before the recent federal tax cuts.

 

[kermalou]

be prepared to get raped even more next year......by something called the AMT (alternative min. tax)

 

[Vic]

Originally posted by: XZeroII
Everyone gets raped. Yet, you still see people clamoring for federal healthcare

But... but... think of the children!!!

 

[Turin39789]

i recently got a raise so i no longer gross around 250 dollars a week, Im grossing more like 440-475 and i take home about 350. About 20 of this i get to spend on myself

 

[cavemanmoron]

Originally posted by: dtyn
Um...he's not the only one. If you make more than 50K a year, you get raped by taxes.

yes welcome to the real world

I worked some overtime early this year,

one 2 week period i worked 20 hours more o/t than the 2 weeks before,
i took home about an extra $160 net.

I make like $15 an hour straight.

 

[Queasy]

CHSUP? What the hell is CHSUP? Oh...child support. Nevermind.

 

[Eli]

Originally posted by: Mister T
I gross $2,708.33 every two weeks (base pay)

Medical PPO: 32.75
Dental PPO: 7.60
401K: 541.67
Social Security: 165.44
Medicare: 38.79
Federal: 275.12
NY disability: 1.30
NY withholding: 103.49
NYC witholding: 61.59
Supplemental term life: 5.50
Accidental death and dismemberment: 3.03
Long Term disability: 11.09

Net income: 1,461.06

My tax withholdings are 3 exemptions for federal, 2 for state and 2 for local.
I file single with no dependents.

I get bent over yo

That's crazy. :Q

 

[Eli]

DP....