Rough estimate, how much percent of one's paycheck is usually taken out for tax?

dullard

Elite Member
May 21, 2001
25,054
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I'd say ~20%-25% is typical for a typical wage earner. Me, I'm at 23% after payroll tax and federal/state income tax.
 

CPA

Elite Member
Nov 19, 2001
30,322
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0
Mine's about 11%, thanks to Married & 6, and 401k deduction.

A lot depends on how you set up your W4.
 

Nocturnal

Lifer
Jan 8, 2002
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What if you put down 0 on your form that asks you how many people you claim both for fed and state? Would it be roughly 30%?
 

btz0013

Member
Nov 3, 2003
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depends on your income
and whether you can claim deductions on stuff like a mortgage and business expenses and whatever
 

nakedfrog

No Lifer
Apr 3, 2001
58,123
12,312
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Yeah, they're taking about ~30% of mine. I'll get ~30% of what they took back in tax returns though
 

DT4K

Diamond Member
Jan 21, 2002
6,944
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How much gets taken out is irrelevant without considering how much of that you get back at the end of the year.
 

Shelly21

Diamond Member
May 28, 2002
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Originally posted by: pulse8
Originally posted by: Shelly21
Er, what's 825.16 tax out of 3326.47? (My last stub for 8/1 - 8/15) :D

How you doin'? ;);)

Actually I have about 20+ hours overtime during that period so it is a bit misleading.
 

welst10

Platinum Member
Mar 2, 2004
2,562
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I think you can fill out a W-4 form and send it to your payroll dept to adjust the withheld amount. Keep in mind that the withheld amount is just an estimate of what you actually owe to the IRS.