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avatar Charlie Chocolate
Total salary vs salary after tax deduction

Total salary vs salary after tax deduction

avatar John Paul
Literally Seattle. We voted to raise taxes on property owners, not renters. Why did our rent go up?

Literally Seattle. We voted to raise taxes on property owners, not renters. Why did our rent go up?

avatar Isabella Lewis
This was hidden in The Obama Health Care bill when it was passed.

Here is what happened, quietly, on January 1, 2015:
Medicare tax went from 1.45% to 2.35%
Top Income tax bracket went from 35% to 39.6%
Top Income payroll tax went from 37.4% to 52.2%
Capital Gains tax went from 15% to 28%
Dividend tax went from 15% to 39.6%
Estate tax went from 0%

This was hidden in The Obama Health Care bill when it was passed. Here is what happened, quietly, on January 1, 2015: Medicare tax went from 1.45% to 2.35% Top Income tax bracket went from 35% to 39.6% Top Income payroll tax went from 37.4% to 52.2% Capital Gains tax went from 15% to 28% Dividend tax went from 15% to 39.6% Estate tax went from 0%

avatar Agni Gauss
People think $20k/month is freedom.
After tax: $16,250

$2,400 rent
$300 bills
$1,100 food
$400 social / gifts
$2,800 travel
$3,200 lottery tickets
$2,700 Toyota Corolla payment
$3,000 shopping
$40 investing

Congrats. You saved $150.

$20k/month is survival.

People think $20k/month is freedom. After tax: $16,250 $2,400 rent $300 bills $1,100 food $400 social / gifts $2,800 travel $3,200 lottery tickets $2,700 Toyota Corolla payment $3,000 shopping $40 investing Congrats. You saved $150. $20k/month is survival.

avatar Gaie Houston
My tax return: -$362.78
Someone with 6 kids who hasn't worked all year: $11,385 😚

My tax return: -$362.78 Someone with 6 kids who hasn't worked all year: $11,385 😚

avatar Charlie Chocolate
When TurboTax asks if you have any dependents.

When TurboTax asks if you have any dependents.

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