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Originally posted by JBpage76
Originally posted by PurpleChiten
reply to post by ColoradoJens
He doesn't comprehend a percentage of a percentage....
30% of 18%= 5.4%
18+5.4=23.4
So he'll be paying 23.4% which is still less than the 25% he should be paying at that salary range....
That might sound good, but its not 30% of 18%
It’s an expected 30% increase tax of my current gross in addition to the 18% I already pay. This is specific to my income tax bracket. (105,000 – 250,000) or whatever the cap is.
The math may be off, and I hope it is.. its extremely complicated to juggle various multinational tax rates and keep them strait, as we also pay tax to whatever host country we happen to be working in throughout the year. I may be a little off on the exact percentage going to US Federal Withholding and SS, but not by much..
Like I said earlier, the corporate meeting isnt for a few weeks, we were only given a “Friendly Heads-Up” by direct supervisor, who is also a representative of the board, of what to expect from corporate which is who will be passing down the exact information.
Originally posted by JBpage76
Originally posted by Hawking
reply to post by boncho
Yeah sounds like a pretty crappy job, not sure the OP knows this isn't happening to anyone else...
The tax increase is based on yearly income, and yes, if you work for a living its going to affect you too! Those of you who receiving welfare or still live with mommy will not see or feel it though. At my income level (105k-250k) the tax levels are estimated to increase 30-38%, and it not my employer isn’t raising the “federal” taxes. Everyone in my career field or income level is going to be getting the same increase.
Originally posted by JBpage76
Originally posted by Hawking
reply to post by boncho
Yeah sounds like a pretty crappy job, not sure the OP knows this isn't happening to anyone else...
The tax increase is based on yearly income, and yes, if you work for a living its going to affect you too! Those of you who receiving welfare or still live with mommy will not see or feel it though. At my income level (105k-250k) the tax levels are estimated to increase 30-38%, and it not my employer isn’t raising the “federal” taxes. Everyone in my career field or income level is going to be getting the same increase.
Originally posted by tport17
Honestly, in this day and age, you are rich.
You were able to go to college (sounds like the government paid for that if it was through the military), have a well paying job, pay all your bills, and provide for your family. You probably have at least one working vehicle but my guess would be two.
With all of that you ARE rich.
The majority of people either don't have a job or if they do they have low wages and short hours. They are in debt up to their ears and the collection calls don't stop.
Someone has to start paying more taxes. The people who can't even pay their bills should not be first on the list.
ETA:
One more thing. My whole life, and specifically the last two years, has been one big game of catch-up. I was unemployed the last two years surviving on my husbands barely there income. Twice a month we had to pay bills. Each time we were sick to our stomach because it was always a choice between do we want electricity this month or heat? I finally got hired last month and we can finally pay our bills with ease. Our transmission went out and we could actually PAY for it. I feel beyond lucky and RICH.
If my new job throws us into a new tax bracket and we pay more in taxes then so be it. I have no problem paying more in taxes to help those that are in a situation I have been in my whole life. I know exactly how it feels to never have enough money.edit on 18-11-2012 by tport17 because: (no reason given)
Originally posted by ConspiracyBuff
Fly this instead. Also a prime reason why people wish to secede. I urge all nay-Sayers to do the research.
Originally posted by JBpage76
reply to post by ConspiracyBuff
I dont think I've ever seen that flag. What is it?
Originally posted by jazztrance
If you choose to opt out of obamacare next year then your taxes will be even more,,I make good money too, Im also thinkin about giving up my job and moving to another country. NOT because of Obama but because Im not working my butt of to pay for things we dont need, like: drones,foreign aid,foreign wars, building foreign gov in other countries, cell phones for idiots, and it would be the same if Romney ever had a chance and won, he is for ALL of those things..except the cell phonesedit on 18-11-2012 by jazztrance because: (no reason given)
Originally posted by PurpleChiten
If that one's too complicated, try this one:
basic arithmetic