Anyone Know How Much....

[MA$E 10+ year member]

anyone know how much is taken away from every dollar u make by taxes? i just got paid some bullsh!t and im tryin to figure out if i got fu*ked over.

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[bonesninja 5,000+ posts]

there is no set amount...it goes by your filing status, number of exemptions, and how much you grossed. More gross earnings=more taxs

 

[mtdewelf 10+ year member]

^X2, but to give alittle help, atleast here in WA you can expect ~1/3 of your earnings to be taken. have no idea bout cali.

 

[revrider1 5,000+ posts]

there is no set amount...it goes by your filing status, number of exemptions, and how much you grossed. More gross earnings=more taxs

Well said...

 

[Railrocker 10+ year member]

x2 ive always heard 1/3 and it seems to be pretty close. Then you pay sales tax when you buy something so it really ends up being 1/2. But if your claiming 0 dependants expect 1/3 out of your check.

 

[MikeofTulsa Moderator]

i have aprox 20-25% taken out each paycheck, that includes taxes, 401k, and insurance

 

[Flipx99 5,000+ posts]

does CA have a state income tax?

I bring home ~50% of hourly rate after deductions (ira, 401(k), arbitrage account, taxes, employee stock purchase plan)

this may help, but not for local/state taxes