I'm not sure if this varies from state to state but what percentage is taken out of your paycheck total due to taxes wherever YOU live?
03-05-2005, 08:54 PM #1
- Join Date: Nov 2004
- Location: NJHC
- Posts: 1,100
- BodyPoints: 102
- Rep Power: 206
03-05-2005, 10:32 PM #2
my pay packet varies quite a bit. when i earn little in a week i dont get taxed much at, usually as little as 10%. in weeks where i earn more (say around $400 AUD, thats good for me) as much as 25% could be taken out. im sure there is some system that works it out, but i just go with the flow.shut up and play yer guitar...and lift
03-05-2005, 10:33 PM #3
around 20% CA about 20kVote the b**** out
"Banning guns addresses a fundamental right of all Americans to feel safe."
"If I could have gotten 51 votes in the Senate of the United States for an out right ban,
picking up every one of them... "Mr. and Mrs. America, turn 'em all in,
"I would have done it. I could not do that. The votes weren't here."
--U.S. Senator Dianne Feinstein (D-CA), CBS-TV's "60 Minutes," 2/5/95
FYI she had a Concealed Carry Permit because she fears being attacked.
03-05-2005, 11:24 PM #4
03-05-2005, 11:57 PM #5
03-06-2005, 12:08 AM #6
03-06-2005, 12:15 AM #7
03-06-2005, 12:23 AM #8
Styleee, You are probably claiming Single and 0 dependants on your W-4. It's not how much witholding you have taken out of your check, but how much you pay or get back when you file your taxes.
I had a lot of taxes taken out of my paycheck this last year 2004. I claimed Single and 3 dependents. Dumb on my part giving the State & Fed an interest free loan.
Since my wife didn't work in 2004 & I had lots of deductions & credits, I only paid an Effective Federal Tax Rate of 3.24%. And yes, I have already spent my refund on new gym equipment. I have not done my state taxes yet (California has a maximum tax rate of 9.3%), but it will probably be under 1%.