- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Federal Income Tax
Posted on 10/28/21 at 3:34 pm
Posted on 10/28/21 at 3:34 pm
My cousin just got a pretty significant promotion. He was a bit perplexed by just how much his federal income tax changed. The other taxes stayed at about the same percentage. The numbers he shared with me are as follows:
Last month: 8,300 wages, 750 (about 9%) in federal taxes
This month: 12,825 wages, 1,675 (about 13%) in federal taxes
Only thing that changed was salary. Even with our 'progressive' tax structure, that seemed a little too disproportionate...
Seem right to you payroll accountants?
Last month: 8,300 wages, 750 (about 9%) in federal taxes
This month: 12,825 wages, 1,675 (about 13%) in federal taxes
Only thing that changed was salary. Even with our 'progressive' tax structure, that seemed a little too disproportionate...
Seem right to you payroll accountants?
10
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News