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re: Here's the budget breakdown of a couple that make $500K and still feel average

Posted on 1/26/24 at 10:36 am to
Posted by Motorboat
At the camp
Member since Oct 2007
22751 posts
Posted on 1/26/24 at 10:36 am to
Is no one bothered by the amount of taxes they are paying? Non business owner/higher wage earners get no fricking help from the IRS. Kills take home pay.
Posted by FinleyStreet
Member since Aug 2011
7907 posts
Posted on 1/26/24 at 11:00 am to
quote:

Is no one bothered by the amount of taxes they are paying?


Well they need to quantify what makes up that number because it's clearly more than just federal which would be closer to ~22% (standard deduction) on that salary. Another 3.5% for FICA and assuming they live in CA it's roughly another ~4% bump. It's not good but it's still not 40%.

I think it's weird that they don't have any medical deductions.
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