Good advice…
Time > * when it comes to your 401K and company match FTW.
My 401K did dip quite a bit a few years ago but time has brought it back.
Good advice…
Time > * when it comes to your 401K and company match FTW.
My 401K did dip quite a bit a few years ago but time has brought it back.
Not if state is included. 28% + 6% state + 7% SS would put him that high at only 70 and change
I didn’t know SS was a tax, I thought it was just the government holding your money until you retire.
I didn’t read the rest of the posts, but that’s really low, I lose a much bigger percentage, but the check isn’t exactly the same size
Like others have said, when you start paying for Bennys, 401K, and all that stuff, be lucky if you take home half of that, and then of THAT money you can spend another half on Property taxes and insurances. Basically when you “grow up” the government and others have their hand on about 75% of your money, before you can really spend it.
X…
Depends on how old he is, I’m 21 so for me it’s definitely a tax :biglaugh:
lol for most of us, it’s the govt. holding our $$$ until you retire
lol
burn?
the only benefit i have to pay for is some extra Aflac accident insurance i picked up, covers me for almost anything stupid that i might do and hurt myself. My company pays 100% of normal medical. But just looked at today’s check, i have to pay FICA, FED, PA State, PA UC??, LwrGwy(township), BC/BS (?), and OPT(?)
How are those ankles doing?
They red from all that grabbing you are doing?
i lose ~29% to taxes
I spend ~11% on bene’s (sweet ins. for two, 401, deferrals, etc)
-edit-
Going by Joes numbers, I lose ~32% to taxes (Im not near my stubs, sorry)
I’m glad i don’t have to spend money on my insurance
Although what does suck is that I prob make like 40% of my salary via a bonus, which is instantly fucked for 40%, but keeps me in a diff tax bracket…
The shitty part about mine: I pay ~55/mo for everything (IH Custom, eye, dental, script, etc).
I (have been) paying ~130/mo for the girlfriend (added on as a “live-in domestic partner”)
Buuuuuut, now that she’s the wife, that should fall in line for a few bucks less :whoopdydoo:
yeah gotta love getting those bonus checks…it’s like nice and painful at the same time.
Holla @ my company…full benefits (eye, dental, blah blah blah)…0 cost to employee
Yah… same here.
Last year bonus / invcentive accounted for ~33%
Or if his salary is commissions it is taxed at a much higher rate. When I was in sales I was paid base and commissions. My base was taxed at 25% or something like that and my commissions were taxed at 40% or so. Basically the same tax rate used for bonuses.