All of a sudden, I hate the government.

[notfred]

I just got my first paycheck at my new job.
Total deductions for federal/state/social security/etc:
$853.46

That's for *two weeks* of pay. Taxes in principle don't bother me. I enjoy having roads and police and national defense and whatnot...

But, $1700/month? That's insane. I could buy a house with that. I guess I need to find a good accountant. There's got to be some way to get some of that back at the end of the year.

 

[Aimster]

you must make a lot of money

 

[Orsorum]

San Francisco? That'll do it.

 

[KLin]

itemized deductions. Otherwise, you're hosed.

 

[Mo0o]

Be glad 1700 is'nt your monthly income

 

[amdskip]

Yeah that's pretty high. I'm glad mine is no where close to that.

 

[clamum]

Of the four different jobs I've had, if I took my gross and multiplied it by .78-.8 I get the net.

 

[notfred]

Originally posted by: Orsorum
San Francisco? That'll do it.

Believe it or not, there's no city income tax. I get the same thing deducted from my paycheck as I would anywhere else in the state. And the state income tax is far lower than federal. Federal income tax is over half of that number, with the majority of the rest of it going to state income tax and SS.

 

[her209]

That's pretty low considering that its in San Francisco!

 

[KLin]

Originally posted by: her209
That's pretty low considering that its in San Francisco!

It doesn't have anything to do with living in San Francisco.

 

[IAteYourMother]

Originally posted by: her209
That's pretty low considering that its in San Francisco!

Originally posted by: Orsorum
San Francisco? That'll do it.

WTF ARE YOU TALKING ABOUT

 

[sandorski]

Get a better Job! Something around the minimum Wage will cure your ills.

 

[91TTZ]

Originally posted by: notfred
I just got my first paycheck at my new job.
Total deductions for federal/state/social security/etc:
$853.46

That's for *two weeks* of pay.

Translation: I want to brag that I make a lot of money.

 

[Auryg]

Originally posted by: 91TTZ

Originally posted by: notfred
I just got my first paycheck at my new job.
Total deductions for federal/state/social security/etc:
$853.46

That's for *two weeks* of pay.

Translation: I never realized why people wanted tax cuts when I was in college.

Fixed.

 

[Gunslinger08]

So you're making somewhere around $60k a year. Leaves you with about $3300 a month to live on. Effective tax rate of around 30-33%. Yep, you know how everyone else feels now. You've just discovered why the intelligent working class votes Republican.

 

[compman25]

You shouldn't enjoy that money being taking out for roads, you already pay a ton of tax for roads everytime you fill up.

 

[Orsorum]

Originally posted by: notfred

Originally posted by: Orsorum
San Francisco? That'll do it.

Believe it or not, there's no city income tax. I get the same thing deducted from my paycheck as I would anywhere else in the state. And the state income tax is far lower than federal. Federal income tax is over half of that number, with the majority of the rest of it going to state income tax and SS.

I meant that you were located in CA, . Are you having the maximum Federal withholding taken out each paycheck?

 

[Sluggo]

Originally posted by: joshsquall
So you're making somewhere around $60k a year. Leaves you with about $3300 a month to live on. Effective tax rate of around 30-33%. Yep, you know how everyone else feels now. You've just discovered why the intelligent working class votes Republican.

Yep, now at 60k you are one of the evil rich that you have heard so much about.

 

[vi edit]

What is the state income tax rate in CA?

 

[BlancoNino]

Remember when your econ professor told you that there was no such thing as a free lunch? How about your college classmates that were on financial aid and flunking out of college? Yeah.. you're fitting their bill now!

 

[TallBill]

Social security pisses me off the most. Its so god damn high, and I'll never see a cent of it.

 

[StormRider]

What a clever way to brag about how much you make!

 

[BrokenVisage]

San Francisco eh? Yup... that explains it.

 

[erub]

Originally posted by: Sluggo

Originally posted by: joshsquall
So you're making somewhere around $60k a year. Leaves you with about $3300 a month to live on. Effective tax rate of around 30-33%. Yep, you know how everyone else feels now. You've just discovered why the intelligent working class votes Republican.

Yep, now at 60k you are one of the evil rich that you have heard so much about.

Hmm thats around what I expect to make when I graduate, or maybe a little bit more..was wondering what the paycheck would be. Does that 3300/month figure include 401k?

 

[Alprazolam]

Government is nothing but crooks including cops.