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Started By
Message
re: “I’ll probably put my $1200 stimulus check in saving”
Posted on 4/13/20 at 7:42 pm to GreatLakesTiger24
Posted on 4/13/20 at 7:42 pm to GreatLakesTiger24
quote:
with a couple kids... not really
If someone is making $130k pretax and puts 5% into 401k and has about $300/mo in health insurance premiums. They’ll pay about $10,500 in federal income taxes after the $4,000 child tax credit.
That’s about 10% of their take home.
And yeah. $10.5k isn’t a lot. But neither is the guy paying $45k when compared to what Mark Cuban pays in Income taxes.
2
Posted on 4/13/20 at 8:01 pm to Golfer
quote:it's not a whole lot more than i paid but i made a lot less. and it's not much compared to those made 500k, much less a billionaire like cuban.
And yeah. $10.5k isn’t a lot. But neither is the guy paying $45k when compared to what Mark Cuban pays in Income taxes.
Posted on 4/14/20 at 1:41 am to Golfer
quote:
“I’ll probably put my $1200 stimulus check in saving”
quote:
with a couple kids... not really
If someone is making $130k pretax and puts 5% into 401k and has about $300/mo in health insurance premiums. They’ll pay about $10,500 in federal income taxes after the $4,000 child tax credit.
That’s about 10% of their take home.
And yeah. $10.5k isn’t a lot. But neither is the guy paying $45k when compared to what Mark Cuban pays in Income taxes.
We should flat tax everyone.
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