- 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
re: individual income taxes
Posted on 3/22/10 at 12:46 pm to Poodlebrain
Posted on 3/22/10 at 12:46 pm to Poodlebrain
Try this:
33% federal income tax
1.45 % medi-care (unlimited)
6.2 % FICA up to $106k
6.% La Income tax
After that I pay 17% tax on gas and 10% on merchandise and 5.75% on groceries.
Of course I cant participate in a Roth IRA and my 401k is limited by the participation rates of other employees because I am " highly compensated".
33% federal income tax
1.45 % medi-care (unlimited)
6.2 % FICA up to $106k
6.% La Income tax
After that I pay 17% tax on gas and 10% on merchandise and 5.75% on groceries.
Of course I cant participate in a Roth IRA and my 401k is limited by the participation rates of other employees because I am " highly compensated".
1
Posted on 3/22/10 at 1:04 pm to agdoctor
I understand your frustration. Not much can be done about the income and sales tax rates, but there are things you can do to increase your ability to save for retirement.
Go see a financial advisor or CPA and ask them about alternatives. You might be better off as an independent contractor than employee.
Go see a financial advisor or CPA and ask them about alternatives. You might be better off as an independent contractor than employee.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News