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re: How much tax gets taken out of your check?

Posted on 6/6/08 at 3:01 pm to
Posted by Martavius
Member since Nov 2005
16019 posts
Posted on 6/6/08 at 3:01 pm to
18% of total gross and 21% of taxable gross. I have my withholding set up to basically break even every year.
Posted by Catman88
Baton Rouge, LA
Member since Dec 2004
49125 posts
Posted on 6/6/08 at 3:03 pm to
Im around 30% I file single too.
Posted by Zach
Gizmonic Institute
Member since May 2005
112410 posts
Posted on 6/6/08 at 4:29 pm to
30 mussent, I file joint.
Posted by MileHigh
Most likely a mile high
Member since Jan 2004
7920 posts
Posted on 6/6/08 at 4:34 pm to
quote:

No one is filing me as a dependent either.


aren't you the oldest living college senior in existence? Hell, I am pretty sure you are older than me (but not zach, he is like muthusla old).
Posted by Zach
Gizmonic Institute
Member since May 2005
112410 posts
Posted on 6/6/08 at 4:54 pm to
quote:

Hell, I am pretty sure you are older than me (but not zach, he is like muthusla old).

I'd smack you in the face but I'm having trouble raising my right arm. Got a touch of arthritis.
Posted by TonyTheTiger504
Member since Jun 2008
361 posts
Posted on 6/6/08 at 4:55 pm to
quote:

Total including federal, state, social security, local etc...

I think I must have filed my taxes wrong or something. Year to date, the combined taxes have eaten up about 37% of my income and I'm not anywhere near being in the top tax bracket.

Does this sound like an unusually high number for someone with a pretty average income?

Also a marginal amount of my income is tax free per diem so it's probably a couple percentage points higher than 37

Man I really hate taxes




The IRS publishes withholding tables on its website. You can go and look up by marital status and number of exemptions and income what they should be withholding from your check.

California probably has a similar table on their website I would imagine.

Does LA County charge income taxes?
Posted by TonyTheTiger504
Member since Jun 2008
361 posts
Posted on 6/7/08 at 1:44 am to
BTW powerman - one advantage of graduate school is you don't have to pay FICA tax out of your assistantship.

I have no idea why. I like it. Except every time I get a statement from the SS reminding me I have just as many quarters as I did 4 years ago.
Posted by Powerman
Member since Jan 2004
162194 posts
Posted on 6/7/08 at 4:46 am to
quote:


aren't you the oldest living college senior in existence? Hell, I am pretty sure you are older than me (but not zach, he is like muthusla old).



Yeah...I just mentioned that in case it might affect my tax filing status. I haven't been claimed as a dependent since I graduated high school.
Posted by Powerman
Member since Jan 2004
162194 posts
Posted on 6/7/08 at 5:14 am to
quote:


Does LA County charge income taxes?


I can't figure out if it's county or city...I'll have to look it up. There is a section called "local" that gets deducted from my check. It's almost negligible compared to all the other shite but it still seems absurd to me.
quote:

California probably has a similar table on their website I would imagine.


Yeah...if you make over 44K or so you get taxed at 9% by the state...which is ridiculous because 44K over here is a pittance
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