What do you pay in income taxes?

[Slew Foot]

Over 40k.

Paid enough in the last 4-5 years to buy a Ferrari or Lambo in cash.

My payroll slip says M3 65,785

Meaning Married with 3 deductions, 65K to the feds. In reality the feds probably bought an M3 with my taxes.

 

[highland145]

I'm willing to bet if you saw my lifestyle, you'd keep your own. I also pay child support to the tune of about $25k/yr. Far more comes out of my paycheck than goes into it.

Works for the government.

My W2 is on the other end of the state at the moment. I think $5k...thereabouts. The standard deduction messes with the otherwise simple calculation.


<-- Squarely in the 25% tax bracket.

Single, no deductions?

 

[TwiceOver]

How do you guys get away with paying less than $100k in taxes?

 

[TXHokie]

Wow! Am I guessing correctly that half the people here make over $100K?
[and probably a lot of readers here are students]

Has there been any recent poll on income?

100k isn't all that anymore. Haven't you heard? 250k is the new 100k. Plus this is ATOT, the real question is why are half the people making less than 100k?

 

[child of wonder]

If the government wasn't wasting so much of the money I pay in, I wouldn't feel too bad about paying a large amount of taxes. Being a consultant, I've worked with government entities or contractors working with government entities and I've seen first hand how wasteful they are, not to mention silly pork barrel projects our useless Congress votes for, excessive corporate and private welfare, and so on.

That being said, I feel truly privileged to be in the boat I'm in and won't ever forget the road I took to get here -- just 8.5 years ago my wife and I's combined gross income was less than what we paid in taxes this year.

 

[highland145]

Plus this is ATOT, the real question is why are half the people making less than 100k?

Because this place has gone to crap. They let me join didn't they?

 

[manimal]

Because this place has gone to crap. They let me join didn't they?

every team needs a mascot





jk I would vote you leader on a ATOT lord of the flies retreat. First one to hit repodm3 guy in the head with a rock wins.

 

[Toastedlightly]

I paid 6k federal income tax and 2.6k state income tax. I do make only slightly more than the median household income.

 

[highland145]

every team needs a mascot





jk I would vote you leader on a ATOT lord of the flies retreat. First one to hit repodm3 guy in the head with a rock wins.

Just call me Ralph.

 

[brainhulk]

this is just another lightly veiled, "I wanna find out how much money you make" thread

 

[SSSnail]

I'm gonna be honest, so about tree-fiddy.

 

[brandonb]

I typically pay $30k-$40k a year in taxes, but with year end bonuses (which are taxed higher than normal). So I ended up paying $40k in taxes last year.

Depressing. I've paid nearly $500,000 if not higher over the course of my career.

I have the same standard of living as a friend of mine does who hasn't worked in 5 years and ended up on disability. He gets $1500 a month in SS, but also gets all his bills paid for, gets $300 a month in food stamps. Gets all his repairs done on his house for free. Got a new Air conditioner + Furnace for free in the past year. Gets 7mbs DSL for $6 a month due some CenturyLink deal with the government for people on disability. etc. He refinanced his mortgage with some disability program, and has a 2.0% interest rate, and pays $500 a month. In the end he has $1000 a month in spending money. Gets everything handed to him, and has a house, car, boat, etc.

He just laughs and giggles and always calls me when he cooks up his lobster and personally thanks me for paying my taxes so he can get free lobster. Then tells me I should do the same thing. Help "break" the system since its so ridiculous and do my part in crashing it.

I can't bring myself to do it, but I really am starting to ponder why I'm not joining the rest of the 150m Americans on benefits.

 

[child of wonder]

I typically pay $30k-$40k a year in taxes, but with year end bonuses (which are taxed higher than normal). So I ended up paying $40k in taxes last year.

Depressing. I've paid nearly $500,000 if not higher over the course of my career.

I have the same standard of living as a friend of mine does who hasn't worked in 5 years and ended up on disability. He gets $1500 a month in SS, but also gets all his bills paid for, gets $300 a month in food stamps. Gets all his repairs done on his house for free. Got a new Air conditioner + Furnace for free in the past year. Gets 7mbs DSL for $6 a month due some CenturyLink deal with the government for people on disability. etc. He refinanced his mortgage with some disability program, and has a 2.0% interest rate, and pays $500 a month. In the end he has $1000 a month in spending money. Gets everything handed to him, and has a house, car, boat, etc.

He just laughs and giggles and always calls me when he cooks up his lobster and personally thanks me for paying my taxes so he can get free lobster. Then tells me I should do the same thing. Help "break" the system since its so ridiculous and do my part in crashing it.

I can't bring myself to do it, but I really am starting to ponder why I'm not joining the rest of the 150m Americans on benefits.

It is sad. Between my dad's side of the family I count at least 5 people on SS disability and my wife's mother and sister are also on it.

Last month my sister in law lamented on Facebook that she had wrecked her car and was "forced" to get a 22% interest loan to purchase a $6,000 car and the payments were forcing her to apply for food stamps on top of already receiving SS disability, housing assistance, state health care, heating assistance, and who knows what else.

My wife asked her why she doesn't do some sort of work from home job since all she does is sit on Facebook posting cat pictures and anti-Obama rhetoric (oh, the irony when she posts stuff against welfare). She says "I refuse to do customer service jobs and I'm no good at data entry stuff so I CAN'T work."

The entitlement is very strong with this one.

 

[Mai72]

In the past when you collected welfare the state would come to your house to make sure you weren't lying. They would check your cupboards for food. They would check for extra money to see if you had a job on the side.

They don't do that anymore.

 

[BoberFett]

this is just another lightly veiled, "I wanna find out how much money you make" thread

No, it's a "Just how much money do those fucking politicians need" thread.

We're told that taxes are the price of living in this great country, but I damn sure don't know what I'm getting for that kind of scratch.

 

[Mermaidman]

Don't know. Haven't filed tax return and amount owed will depend on SEP IRA contribution. :sneaky:

 

[Dr. Detroit]

>$100K - Everyone knows that members of Anandtech are 7-figure earners!

$315K to the Feds and $95K to the State

Combined effective tax rate was a tad over 43%.

 

[zCypher]

My tax documents tell me that I paid about 16% of my total income to income tax. That means I did alright this year, I contributed enough to tax-deferred contributions, otherwise that number would be much higher.

Obviously a lot more has went to various other forms of taxation, but if I were truly taxed the full amount as per the tax bracket I'm in, I'd have paid an assload more money.

 

[Dirigible]

>$100K - Everyone knows that members of Anandtech are 7-figure earners!

$315K to the Feds and $95K to the State

Combined effective tax rate was a tad over 43%.

Over $100k is not a poll option. GTFO of this thread.

 

[soulcougher73]

Federal Total Tax: $10,001
Effective Tax Rate: 10.8%

State Total Tax: $3,378

So i guess $13,379



according to my turbotax documents

 

[ultimatebob]

About 30K including state and federal. Connecticut sucks.

 

[biostud]

Around $24k here in socialist Denmark.

 

[MixMasterTang]

I dunno. My tax return says what I paid in Federal Income tax, but I don't know about the rest (state, SSI, etc.) and I don't really want to go look it up.

My take-home pay is about 60% of my gross, but that includes 401k deductions too.

he current tax rate for social security is 6.2% for the employee. The current rate for Medicare is 1.45% for the employee.

So if your Salary is 50k you paid $3,285 for SS/Medicare. If your Salary is 100,000 than it's 7650. SS tax cuts off at 117k but the Medicare limit is much high. So almost anyone making 100k or more (unless their state does not have income tax and they can itemize) will pay 20k or more.

 

[dawheat]

All-in about 34% of my taxable income. Sucks pretty hard.

 

[Rage187]

$42k this year. But we did a 401k distribution which tacked on an extra $14k we normally wouldn't have to pay.