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quick tax question

Y

yoda291

Diamond Member
How much should someone making a smidge over 100k a year get taken out of their paycheck every year after all is said and done at tax time?
 
I don't think there's any easy answer to that. It depends on a bunch of factors: whether you have kids, investments, retirement plans, etc.
 
Originally posted by: Heisenberg
I don't think there's any easy answer to that. It depends on a bunch of factors: whether you have kids, investments, retirement plans, etc.
Click to expand...

well, I'm just wondering, cuz I know approximately a third of my check gets cut wherever I work, but I imagine it'd be higher for someone making more...so I'm kinda curious as to how much more it is in relation to someone making less.
 
Originally posted by: yoda291
Originally posted by: Heisenberg
I don't think there's any easy answer to that. It depends on a bunch of factors: whether you have kids, investments, retirement plans, etc.
Click to expand...

well, I'm just wondering, cuz I know approximately a third of my check gets cut wherever I work, but I imagine it'd be higher for someone making more...so I'm kinda curious as to how much more it is in relation to someone making less.
Click to expand...
The more you make, the higher percentage bracket you're in. I don't know what percentage gets taken at 100k (I'm about as far from an accountant as you can get). But there are all sorts of other things to affect the actual amount you end up paying, so just looking at the percentage doesn't tell you the exact amount.
 
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