What % of your paycheck do you keep?

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Syringer

Lifer
Aug 2, 2001
19,333
2
71
Exactly 66.6%* of mine goes to me, which can only lead me to believe that taxes = evil

This is without any contributions or anything of the sort.

*rounded from 66.6355385%
 
PricklyPete

PricklyPete

Lifer
Sep 17, 2002
14,582
162
106
FelixDeKat said:
Aboveboard or under the table?
Click to expand...

Does it upset you that the taxes that you are not paying on your "under the table" transactions are underfunding the mighty war on drugs that could be solving this Mexican crisis? Do you feel guilty?
 
AstroManLuca

AstroManLuca

Lifer
Jun 24, 2004
15,628
5
81
69%, but that's after 10% of it goes to my retirement savings. So more like 79%.

Hmm... that actually seems a bit high. Then again I'm in one of the lower tax brackets (even lower now that I'm married and my wife doesn't make much).
 
V

Vette73

Lifer
Jul 5, 2000
21,503
9
0
Syringer said:
Exactly 66.6%* of mine goes to me, which can only lead me to believe that taxes = evil

This is without any contributions or anything of the sort.

*rounded from 66.6355385%
Click to expand...


How much of that 33% is really taxs vs benifts and other items. Plus how much do you get back at the end of the year?

A lot of my check goes to TSP/401k, health insurance, retirement, etc...
 
Bateluer

Bateluer

Lifer
Jun 23, 2001
27,730
8
0
Bout half because of taxes normally. Less goes into my pocket when I work a lot of overtime. OT pay should be tax exempt.
 
rcpratt

rcpratt

Lifer
Jul 2, 2009
10,433
110
116
66.01% - that's with my retirement contribution and everything. My benefits costs haven't started coming out yet (should happen next paycheck), I expect it to be about 65.18% then...my benefits are very cheap. My actual total tax percent is 29.63%.

Without the 401k contribution it would be about 71.3%. Guessing because I'm not going to calculate exactly how the taxes would work out. I contribute 8% (company 6%).
 
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Dirigible

Dirigible

Diamond Member
Apr 26, 2006
5,961
32
91
My take home is 59% of my gross.

11% goes to 401k
5% goes to stock purchase plan

3% goes for medical coverage
22% is withheld for taxes.
 
amdhunter

amdhunter

Lifer
May 19, 2003
23,332
249
106
93% - I love all the tax breaks our last few Presidents have given me. :thumbsup:
 
W

Wonderful Pork

Golden Member
Jul 24, 2005
1,531
1
81
54% after taxes, 401k, car/rent/health insurance + whatever else.

Then I lop of 20% of that into savings, so I can basically live off about 35-40% of my salary.
 
TallBill

TallBill

Lifer
Apr 29, 2001
46,017
62
91
I work for tips, so the majority of my income is cash. My "paycheck" basically covers the tax of the claimed tips, so its usually taxed somewhere around 70-95%
 
Sho'Nuff

Sho'Nuff

Diamond Member
Jul 12, 2007
6,211
121
106
33% federal tax
0% state income tax
fica and social security: another 3-4%

So . . . ~63%

Was 57% when I lived in Massachusetts.

Also, people on this board need to recognize that money going to a 401k and benefits (esp. the 401k) IS money that you "take home." It's just preallocated income.
 
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S

spidey07

No Lifer
Aug 4, 2000
65,469
5
76
soxfan said:
33% federal tax
0% state income tax
fica and social security: another 3-4%

So . . . ~63%

Was 57% when I lived in Massachusetts.

Also, people on this board need to recognize that money going to a 401k and benefits (esp. the 401k) IS money that you "take home." It's just preallocated income.
Click to expand...

Heh, when you you get your "social security raise". Around June of each year?
 
techs

techs

Lifer
Sep 26, 2000
28,559
4
0
Uh, I keep all of it.
And if some one tried to take it from me on the way home, I'll shoot them.
 
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