(Closed) Spinoff: How much do you pay in taxes/fees to the government?

posted 7 years ago in Money
  • poll: How much of your total income goes to taxes/government fees?

    Under 5%

    5-10%

    11-15%

    16-20%

    21-25%

    26-30%

    31-35%

    36-40%

    41-45%

  • Post # 32
    Member
    7309 posts
    Busy Beekeeper
    • Wedding: October 2011 - Bed & Breakfast

    We’re at roughly 33% between income taxes and property taxes. We added it up last year and it was depressing as all get out.

    Post # 33
    Member
    1542 posts
    Bumble bee
    • Wedding: June 2013

    I feel like people look at just whats being withheld as how much tax is payed. Very few ppl actually pay a federal taxrate of 35%…. You have to be making over 200k a year single to get even close to that… For federal government anyway. Which is what all that political crap was about. States vary obviously. Because sure about 25% of my paycheck is withheld. But I did the math when doing my taxes last year looking at how much my actual tax rate is and federally I’m somewhere aaround 12% and state is very low. I get back about 2k in taxes and my health insurance is also with held. I gotta cut down my contribution but I’m waiting til I do my 2013 taxes since we r married now. 

     

    Post # 34
    Member
    268 posts
    Helper bee
    • Wedding: September 2010

    Oh man, I’m living in the land of taxed to death.

    I think my current tax bracket is around 23%, my husband is around 38% at the moment.  The vat (sales tax) went from 19 to 21% last year and as of today they made it so that VAT applies to insurances so that made the cost of insurance go up by over 25% this year.

    Oh, and they just upped the cost of your own risk on health insurance which is a little depressing.

    8 years ago when I moved here, you could still kind of see where your tax money was going.  Now that health insurance is pretty much 100% out of your own pocket (yay privitization) you really can’t see your money at work.  We just pay a crap ton to the government for…I don’t know.

    Post # 35
    Member
    1471 posts
    Bumble bee
    • Wedding: November 2013

    At the moment nothing! I can’t legally work ;).

    In Japan I was paying something ridiculously tiny, like 2%. This was because my govt job was technically tax free, but my country (NZ) had a rule that I had to pay in Japan or NZ, so they basically paid me 2% more than my actual income then taxed it. I paid separately into health, however, and pension, which I am getting refunded for. 5% sales at the time.

    In NZ I think I paid around 30% once I was a working professional, plus 15% GST (sales).

    I think DH pays around 20%.

    I don’t mind paying taxes so long as I know they are provising decent services, e.g. education, healthcare, libraries, defense/police etc.

    Post # 36
    Member
    1197 posts
    Bumble bee
    • Wedding: August 2014

    I don’t know for sure, but I pay 3 local taxes (one in the city I work in, one in the city we live in, and one to the county).  this would be ok if we lived in a good area, but our neighborhood is pretty awful!  don’t know where the money goes.  fortunately, my stiped is quite low so I get most of it back on my tax return.  

    Post # 37
    Member
    2052 posts
    Buzzing bee
    • Wedding: May 2013

    My husband makes a very good living (although we live in manhattan so that doesn’t go as far as anywhere else in the country!) so my earnings are taxed at some of the highest marginal rates even though I’m making no where near that.  For 2014 my taxes will be:

    Federal: 39.6%

    NY State: 6.85%

    NY City: 3.876%

    Social Security: 7.65%

    Medicare + obamacare: 2.35%

    Total taxes: 60.326%

    Post # 38
    Member
    456 posts
    Helper bee
    • Wedding: May 2012

    View original reply
    @soontobemrsm11:  low expectations + high antidepressant usage. sure, they’re content with their lives. 

    Post # 39
    Member
    240 posts
    Helper bee

    I’m self employed so I pay way.too.much. Drives me crazy just to think about it!

    Post # 40
    Member
    3459 posts
    Sugar bee
    • Wedding: May 2012

    View original reply
    @CityBearBride:  Wow, 39.6% rate is for those couples with incomes over $450k, I would most definitely say it’s a “very good living.”  But it’s a graduated system, so I suspect your actual tax rate is lower, without even considering any deductions.

    Post # 41
    Member
    2052 posts
    Buzzing bee
    • Wedding: May 2013

    View original reply
    @kay01:  His effective rate is lower because of deductions and the graduated system.  And our blended rate is lower.  However my income, even though it’s way way less than my DH’s, gets taxed at marginal rates my DH pays – plus social security and Medicare of my own, so 60ish percent.

    Post # 42
    Member
    841 posts
    Busy bee
    • Wedding: August 2015

    @calisunshine3404:  I pay 30%. Oh the things I could do with that money… I try not to complain though since I’d rather pay high taxes and have universal health care, higher quality roads, a good social security system, etc than pay low taxes and not have these things.

    Post # 43
    Member
    919 posts
    Busy bee
    • Wedding: April 2014

    I lose about 28% of my paychecks to taxes and other deductions. Ugh, so frustrating!

    Post # 45
    Member
    1798 posts
    Buzzing bee

    I think my SO ends up giving about 23% of his income back in taxes after all is said and done. Not sure what the break down is there though. I’m employed through my parents’ business, so an accountant has to deal with that. 

    Post # 46
    Member
    3263 posts
    Sugar bee
    • Wedding: February 2014

    I’m in the majority it seems. 26% of my gross goes to taxes.

    The topic ‘Spinoff: How much do you pay in taxes/fees to the government?’ is closed to new replies.

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