What % of your gross monthly income goes to state+fed taxes?

[GTaudiophile]

DC resident here. Preparing my quarterly estimated income tax forms this morning. Always a pleasure!

Federal: 32%
State (but it's not): 6%
Total: 38% of my monthly gross income

 

[Tweak155]

Not sure on the exact number, but it's way too much.

 

[biostud]

33%

 

[soulcougher73]

My numbers come up with:

19% fed
4% state

I could be wrong as i'm not a tax genius

 

[Demo24]

Fed: 8.85
State: 4.8
Fica: 7.5

So 21 %

 

[NikolaeVarius]

Roughly 35%.

 

[Oil]

Federal: 28%
State: 0%

 

[ghost recon88]

35% combined, not sure on the exact breakdown.

 

[NetWareHead]

% of reported or of actual income?

 

[JM Aggie08]

About 30-35, aka, entirely too much.

 

[Imp]

No idea the split with "state" and fed, but it's like 23% last I checked. But I have a pension plan, which means I lose a total of 30% -- take home 70%.

In the long run, pension would benefit me since employer matches... However, I plan on retiring really early and would benefit by just being allowed to save my own damn money.

 

[IronWing]

Ya'll in the 30% range are either ballers or need to learn to shelter.

Fed: 6.9%
State: 1.7%
SS/Medicare: 7% (really 14% but that's a separate issue)

 

[drebo]

25% total.

 

[Rakehellion]

DC resident here. Preparing my quarterly estimated income tax forms this morning. Always a pleasure!

Federal: 32%
State (but it's not): 6%
Total: 38% of my monthly gross income

DC doesn't have a state.

 

[vi edit]

28% fed
6% state
2.25% city

Bleh.

 

[v-600]

As a foreigner I'm interested in this.

When I first started working in a proper job I tallied mine in the UK as approx 35% off the top of my wages. Direct income tax was about 11%. The rest was made up of national insurance, pension contributions, and student loan repayments.

 

[ghost recon88]

Another interesting thing to add would be your AGI next to your tax bracket. I know that I've been able to drop down a tax level due to contributing enough to a 403b.

 

[Gunslinger08]

Around 30% I think? Being married with vastly different incomes, it gets complicated trying to figure it out for one person. If I were single, my withholdings would be pretty different.

 

[Sho'Nuff]

Roughly 41%. Probably more.

According to some I should pay more. Because you know. 41% is not my fair share.

Sorry, tax stuff always brings up the "fair share" bullshit for me. I come very close to paying more in taxes than the median income of most U.S. families. Yet its not enough. Its never enough. Might as well stick a tap into my wallet that runs straight to the government.

 

[IGemini]

9% fed, 3% state, 0.7% local.

 

[Suspicious-Teach8788]

34%

 

[IronWing]

As a foreigner I'm interested in this.

When I first started working in a proper job I tallied mine in the UK as approx 35% off the top of my wages. Direct income tax was about 11%. The rest was made up of national insurance, pension contributions, and student loan repayments.

I suspect some of the folks responding here are giving their marginal tax rates, not their actual effective tax rates. To get one's effective federal tax rate above 30% a single person would have to have an adjusted gross income above $439,960/year. A married couple would need an adjusted gross income of over $545,355/yr.

 

[momeNt]

I don't really think about things like that. Because 100% of my income comes from the government, even if I work for a private company. I know where the bread is buttered. I won't ever be greedy with money I feel like "I earned". Lol. A fool's game if there ever was one.

 

[biostud]

I suspect some of the folks responding here are giving their marginal tax rates, not their actual effective tax rates. To get one's effective federal tax rate above 30% a single person would have to have an adjusted gross income above $439,960/year. A married couple would need an adjusted gross income of over $545,355/yr.

33% is my effective rate, the marginal is ~45%.

 

[CLite]

I suspect some of the folks responding here are giving their marginal tax rates, not their actual effective tax rates. To get one's effective federal tax rate above 30% a single person would have to have an adjusted gross income above $439,960/year. A married couple would need an adjusted gross income of over $545,355/yr.

I'm well into the marginal federal bracket of 33% but my effective federal is 16.5% (withholding/earning from paystub). This is weighted a bit low depending on how you look at it because I'm using my paystub earning which is pre-401k/medical/etc.

If I tally everything (Federal/social/medicare/state/etc) I'm at 28.8%, again this is based on paystub earning.

There are some ballers if people's effective federals are north of 30.