Roughly how much do you take home a month, after taxes?

Discussion in 'The Red Room' started by Robotech Master, Dec 4, 2010.

  1. Robotech Master

    Robotech Master '

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    That thread about the minimum wage earners got me wondering how much people here actually make?

    Do you feel like you pay too much in taxes?

    For me personally, it was kind of surprising to see how much money is taken out each month for federal tax, state tax, and social security...

    My annual gross salary is something like 99,000 dollars.

    But I only get about 2,600 dollars per each pay period. Over 26 pay periods a year, that adds up to about 68,000 dollars a year.

    That isn't a bad number and I'm not complaining, but I'd be curious to know how all that tax money is being spent.

    :chris:
  2. skinofevil

    skinofevil Fresh Meat

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    Roughly much more than gently.
  3. Delaware

    Delaware Fresh Meat Deceased Member

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    After taxes, roughly $6.5k/month. Last year I paid around $45k in state and federal taxes. Fuck the government. :(
  4. The Original Faceman

    The Original Faceman Lasagna Artist

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    Student loans don't count as income. :rolleyes:
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  5. Delaware

    Delaware Fresh Meat Deceased Member

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    I don't have student loans, my income comes principally as dividends from my various investments. :marathon:
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  6. Muad Dib

    Muad Dib Probably a Dual Deceased Member

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    I keep nowhere near enough of the money I earn.
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  7. Prufrock

    Prufrock Disturbing the Universe

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    I supposedly make approximately the average of a household in my town, although it's full of $400k+ McMansions and they've zoned the place to prevent the new construction of affordable, modestly-sized apartments and condos. I'm not sure how that actually works, other than thinking that maybe a lot of the homeowners in the area are borrowing far more than is reasonable on their income. I don't think I could afford even a $200k house (nor would I know what to do with it all). :flow2:
  8. Spaceturkey

    Spaceturkey i can see my house

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    embarrassingly little
  9. Scott Hamilton Robert E Ron Paul Lee

    Scott Hamilton Robert E Ron Paul Lee Straight Awesome

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  10. Ebeneezer Goode

    Ebeneezer Goode Gobshite

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    My income varies a lot, but around a third of my income makes it's way directly to HMRC, and that's with various legal ways of bringing it down :marathon:

    It's increasingly looking like I'm going to have to have to set up shop abroad as an LLC, and hire myself as an employee over here, in order to reduce that down further (I'll pay income tax in the UK, and corporation tax on dividends in the other country)

    I may gripe about paying tax, but I'll willingly tolerate maybe a 20 - 25% rate, but above that I'm afraid Atlas is looking into doing a mighty shrug.
  11. oldfella1962

    oldfella1962 the only real finish line

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    One hundred billion dollars! Oh wait...that's how much I pay in alimony.
  12. enlisted person

    enlisted person Black Swan

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    I am an hourly worker and work lots of overtime at different times so what I make can vary from my base pay to about twice that. I am married and yet claim single 0 on my withholding for taxes. My wife has a minimum wage job, and we have a little interest income. Tax time, I break about even and don't owe any more. I get a little bit back from federal which I end up sending into the state for a little I owe there.
    Between taxes, the portion of medical insurance I pay, 10% going into the 401K bottomless pit, I bring home almost exactly half of what I earn.
    I could buy me a much needed nice new little car for what I pay every year in taxes.
    The sad thing is that my average net has been the same since the mid 90s, with any raise being offset by a corresponding change in benefit cost.
  13. Forbin

    Forbin Do you feel fluffy, punk?

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    Using my stub of 10/28/10 as an example (the first one I could find in the pile on the desk), I get to keep 61.97% of my gross pay.

    That's not entirely because of involuntary deductions - I have 10% of every check put into the 401k.
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  14. Muad Dib

    Muad Dib Probably a Dual Deceased Member

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    Hmmmm... There must be some tax evasion going on here. :chris:
  15. Lanzman

    Lanzman Vast, Cool and Unsympathetic Formerly Important

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    Roughly none of your fuckin' bidness.

    But my net tracks at about 65-67% of my gross, after taxes and deductions.
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  16. Zombie

    Zombie dead and loving it

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    Not enough. Oh it's the best job I've ever had in terms of net pay but damn the government takes out a fucking chunk. Throw in the insurance stuff and other benefits I pay for I lose almost $800 a check.

    We need the Fair Tax in this country. Badly. :bailey:
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  17. Ramen

    Ramen Banned

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    Well, I'm in the 25% tax bracket.

    Not even wanting to know how much in sales tax, fuel tax, property tax, and even the taxes on the fucking bills I have to pay, would be added to that. :marathon:
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  18. Zombie

    Zombie dead and loving it

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    And courtesy of Obama and the Democrats who are lying about extending the middle class tax cuts you and I will be paying more next month.
  19. Chuck

    Chuck Go Giants!

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    After taxes, retirement, insurance (I pay extra for the premium coverage), and my 403b deduction I take home about 60% of my gross pay.
  20. Forbin

    Forbin Do you feel fluffy, punk?

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    Because they didn't take the entire check?
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  21. Tuttle

    Tuttle Listen kid, we're all in it together.

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    What you say here is accurate if you neither collect a refund nor send a check to FedGov in relation to the April 15 deadline of our 2010 tax return.


    I used to keep less than 55%, which excludes all the other taxes I pay like NYS 9% sales tax when I buy stuff, and all the cell phone tax, user fees, etc. etc., which means federal and state income taxes and social security/medicare withholdings confiscated around 46% of my gross income.


    Then in 2009 I purposely started to make less money, so my final (effective) tax rate was closer to 30% instead of 46% - so I got to keep just under 70% of what I earned.

    Fuck Obama and his spendthrift cocksuckers pelosi and reid and republican enablers and their collective piggish disgusting ways of spending money earned by the efforts of others, I decided to take less in total -a lot less- if it meant I got to keep proportionately more of what I earned.

    Then I stopped declaring all my side income and my final tax rate plummeted to around 15% (meaning that I kept 85%, quite a neat trick since payroll taxes excluding income taxes is a minimum of nearly 15%).

    Or maybe I was joking about that last part, since I would never purposely fail to pay more than my fair share. ;)
  22. womble wizard

    womble wizard Fresh Meat

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    I think for me for every four weeks i work I pay one week in tax and national insurance
    between £700 - £800 per month depending on time of year
  23. garamet

    garamet "The whole world is watching."

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    As a freelancer, my income varies from month to month. As a freelancer, my income is subject to self-employment tax, which means whatever percentage people with paychecks in the same bracket pay, I nominally pay double.

    I say "nominally" because, as a freelancer, I'm able to declare considerable deductions for my home office. I also don't have the burdens of commuting, maintaining a corporate wardrobe, etc.

    How much do I earn? Enough to live in the manner to which I am accustomed and, unlike a considerable portion of WF, not to spend all of my waking hours :sob: about how "The Best Damn Country in the World[tm] is stealing all my money!!!1!!"
  24. cpurick

    cpurick Why don't they just call it "Leftforge"?

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    My wife and I each have enough taken out of our checks to fund another person's entire existence. I say "out of our checks," but what I really mean is "out of our children's mouths."
  25. AlphaMan

    AlphaMan The Last Dragon

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    I've grossed a low 6 figure salary for about 4 years now and I bring home about 60% of that after taxes, fees, health/dental insurance and retirement contributions.
  26. Tuttle

    Tuttle Listen kid, we're all in it together.

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    ^^^ A lot of old people without dependents, and people in general without extra mouths that rely on them to survive care somewhat less when the gubmint confiscates their hard-earned money to pay for things like programs they disagree with. E.g. my 85-year-old dad loves to send off checks to whatever worthy cause strikes his fancy, since he's not gonna do much with the money anyway.

    But conversely, the vast majority of the hard-workers who have more years ahead of them than behind care about who exactly is going to pay the big bills that will be coming due and where exactly the money to pay those big bills is going to come from.

    Plus they care about all the taxes being paid today to fund a fedgov being paid salaries twice as high as private sector, growing at 17% since 2007 when the rest of country is tightening belts, mortgages being forgiven seemingly randomly, bailouts of corporate america when the whole point of capitalism is supposed to be failure and death of the corporate losers.
  27. Forbin

    Forbin Do you feel fluffy, punk?

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    I guess I should mention we always get a refund from both state & federal taxes. Usually a couple thou from fed and a couple hundred from state.
  28. Dan Leach

    Dan Leach Climbing Staff Member Moderator

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    I lose just over a 1/3 in taxes and pension.
  29. garamet

    garamet "The whole world is watching."

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    And, having managed his income and put a roof over your head, he's entitled to do just that.

    Been there, done that.

    And of course there were never proportional tax increases before 2007, no such thing as corporate corruption or plain mismanagement, etc.
  30. Tuttle

    Tuttle Listen kid, we're all in it together.

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    I buy his stamps, but I'm kind, I only prohibit him sending the voluntarily checks to medicaid or any other Fedgov "cause," otherwise I encourage him to indulge his generosity, I don't want his money, I'm still repaying.

    And get back to me in 20 years when the bills I've aluded to start coming due, stamped FINAL. Oh that's right, you ain't gonna be fuckin paying them.
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