this post was submitted on 08 Jul 2024
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2meirl4meirl
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Memes that are too meirl for /c/meirl.
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Respect the community. If you're not into self-deprecating/dark/suicidal humor then this place isn't for you. Kindly just block and move on. This is just how some of us cope.
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Use this tax calculator; it includes FICA, state taxes, and local taxes:
https://smartasset.com/taxes/income-taxes
No one is paying 40% total tax rate unless they are single, make $350,000+, and live in a high tax area (NYC, San Francisco). If you are married, you have to make at least $800,000 to pay 40% overall.
That's what I used. Still some question about how much nontaxable retirement/Healthcare as well as what the state taxes would be. I estimated $5,700 in federal and $1000 in state. Based on 10% to retirement and $2400 a year for insurance, right off the top, and a 3% state tax.