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Were you surprised by how much of your paycheck goes to taxes when you just started out?
Posted on 6/6/17 at 7:11 pm
Posted on 6/6/17 at 7:11 pm
I'm sure the OT ballers with their immense empires found all the loopholes and us Swiss bank accounts like pros, but for us commonfolk did it ever shock you at the onset of your career when you started making real money?
23
Posted on 6/6/17 at 7:15 pm to Ross
I was ready for it. My dad always told my liberal arse brother he would become conservative once he started paying taxes.
Problem with him is he has a masters in english, yall can figure out the rest
Problem with him is he has a masters in english, yall can figure out the rest
Posted on 6/6/17 at 7:16 pm to Ross
Drug dealers don't pay taxes baw
Posted on 6/6/17 at 7:16 pm to Ross
No. Many years of listening to my dad bitch prepared me.
Posted on 6/6/17 at 7:17 pm to Ross
No because 1) I went to school and know what an effective tax rate is and 2) because I'm not retarded
This post was edited on 6/6/17 at 7:18 pm
Posted on 6/6/17 at 7:17 pm to Ross
Like being dared to take a kick in the ball bag. Knew it was coming, but still hurt like a mofo.
Posted on 6/6/17 at 7:18 pm to Pecker
quote:
1) I went to school and no what an effective tax rate
Hope you didn't spend too much on tuition.
Posted on 6/6/17 at 7:19 pm to Ross
quote:
Hope you didn't spend too much on tuition.
Spent enough to know what I'd be paying in taxes
Posted on 6/6/17 at 7:20 pm to Ross
It's shocking these types of things aren't taught in high school, at least they weren't when I grew up. Basics of getting paid, balancing your bank account, understanding debt (ie. tuition), etc
Posted on 6/6/17 at 7:21 pm to Ross
When I started 80% of my pay came in the form of day rate bonuses, which were taxed like I was making 800K or some shite
That was a bit of a surprise
That was a bit of a surprise
Posted on 6/6/17 at 7:22 pm to PuntBamaPunt
quote:
It's shocking these types of things aren't taught in high school, at least they weren't when I grew up. Basics of getting paid, balancing your bank account, understanding debt (ie. tuition), etc
Likely because you were in smart kids math. I took consumer math.
Posted on 6/6/17 at 7:23 pm to Ross
I remember working at chrysler and working 7 days, coming in 2 hours early, working 2 hours late, and getting 10% shift premium on top of that.
I literally gave uncle sam all of my OT money. I said F'that, and especially all the shite work i had to do, to get that OT.
I literally gave uncle sam all of my OT money. I said F'that, and especially all the shite work i had to do, to get that OT.
Posted on 6/6/17 at 7:24 pm to Ross
i was more surprised about how much came out for SS
Posted on 6/6/17 at 7:25 pm to ksayetiger
I believe the vast majority of people that aren't fiscal conservatives are either poor so they are looking for a handout, so rich that taxes don't affect them, or just young and/or incredibly naive..
Posted on 6/6/17 at 7:26 pm to Ross
I'm more surprised about how much goes now.
Posted on 6/6/17 at 7:28 pm to Ross
No, because I like living in a civilized society.
(Doesn't mean there aren't problems than need to be fixed).
As I've grown older I've realized that regressive tax structures like high sales tax and Alabama's esssentially flat rate income tax really screw working class people.
(Doesn't mean there aren't problems than need to be fixed).
As I've grown older I've realized that regressive tax structures like high sales tax and Alabama's esssentially flat rate income tax really screw working class people.
Posted on 6/6/17 at 7:29 pm to bmy
quote:
was more surprised about how much came out for SS
Try being self employed
Posted on 6/6/17 at 7:30 pm to tankyank13
quote:
Try being self employed
This
Posted on 6/6/17 at 7:47 pm to lsusa
quote:
As I've grown older I've realized that regressive tax structures like high sales tax and Alabama's esssentially flat rate income tax really screw working class people.
please elaborate
Posted on 6/6/17 at 8:14 pm to Ross
People with less income are paying a greater percentage of their income on sales tax, hence it's regressive nature. This is true of flat taxes as well.
A ten percent flat rate hurts more if it's 10 out of your 100 than it would if it were 100 out of 1000.
A ten percent flat rate hurts more if it's 10 out of your 100 than it would if it were 100 out of 1000.
This post was edited on 6/6/17 at 8:15 pm
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