Taxes out of my paycheck!?!? grrrrr

[Brownslave688]

man..every friday I cant even enjoy my paycheck because I look right at my taxes. Im wondering if I filled my W2 out wrong

I got married and had a kid since I last did one so not sure how much of a difference that would make.

*new driver* this paycheck actually should have been $22.75 but you know how that goes.

View attachment 66734

If you think that's bad try actually making a really good living.

 

[BakerMayfield2018]

If you think that's bad try actually making a really good living.

He would vomit if he saw Wut me and my wife pay in a month.......

 

[Brownslave688]

 

[NonDeliverOtherMissed]

Only 10%. Should try to double that if possible. If you don't do Roth could help some with the taxes too

To be honest..when I started it I knew NOTHING about Roth or 401... I just knew I needed to start putting money away so I just put 5% in each one......need to get a book or something and educate myself......

 

[Brownslave688]

To be honest..when I started it I knew NOTHING about Roth or 401... I just knew I needed to start putting money away so I just put 5% in each one......need to get a book or something and educate myself......

Yes.



The retirement forum here isn't a terrible place to start.

 

[JL 0513]

Yet, most of you will continue pulling the Democrat lever. It's mind boggling.

 

[UpstateNYUPSer(Ret)]

Yet, most of you will continue pulling the Democrat lever. It's mind boggling.

I vote for the person, not their party; that being said, I usually vote for a Democrat and will most likely do it again (Bernie).

 

[JL 0513]

I vote for the person, not their party; that being said, I usually vote for a Democrat and will most likely do it again (Bernie).

Wow.

 

[saintrick]

man..every friday I cant even enjoy my paycheck because I look right at my taxes. Im wondering if I filled my W2 out wrong

I got married and had a kid since I last did one so not sure how much of a difference that would make.

*new driver* this paycheck actually should have been $22.75 but you know how that goes.

View attachment 66734

It depends on your spouses income and how you file. If she has little or no income your federal withholding is way to high.

 

[By The Book]

man..every friday I cant even enjoy my paycheck because I look right at my taxes. Im wondering if I filled my W2 out wrong

I got married and had a kid since I last did one so not sure how much of a difference that would make.

*new driver* this paycheck actually should have been $22.75 but you know how that goes.

View attachment 66734

When did you start driving?

 

[joeboodog]

I vote for the person, not their party; that being said, I usually vote for a Democrat and will most likely do it again (Bernie).

Say goodbye to your paycheck.

 

[Foamer Pyle]

I grossed $1900 and my State tax was $105.

No state tax in Florida, so that money you give away, I get to keep.

 

[FrigidFTSup]

I vote for the person, not their party; that being said, I usually vote for a Democrat and will most likely do it again (Bernie).

 

[rod]

For the love of god keep paying that SS tax. With my pension being cut I don't want to see SS cut too.

 

[JL 0513]

View attachment 66837

Suicide by alcohol in 20 minutes

 

[JL 0513]

For the love of god keep paying that SS tax. With my pension being cut I don't want to see SS cut too.

SS runs out in about 15 short years.

And Sanders is proposing an additional $20 trillion in NEW spending for his first term. LOL.

 

[rod]

SS runs out in about 15 short years.

And Sanders is proposing an additional $20 trillion in NEW spending for his first term. LOL.

According to the "average life expectancy of an American male" that should work out perfectly for me. Good luck to all of you.

 

[FrigidFTSup]

SS runs out in about 15 short years.

They told my dad in 1983 SS would run out by 1999. In 1999 they said it would be out by 2013. It's 2015 and we have another 15 years.

 

[rod]

They told my dad in 1983 SS would run out by 1999. In 1999 they said it would be out by 2013. It's 2015 and we have another 15 years.

I remember being told SS and oil would run out by 2000.

 

[JL 0513]

They told my dad in 1983 SS would run out by 1999. In 1999 they said it would be out by 2013. It's 2015 and we have another 15 years.

Technically, there is no SS trust fund. For 2014, SS ran a $39B deficit. So just to make payments to all the recipients, the government is already borrowing 10's of billions each year. It's just a money in, money out routine. The big blow will come in during the coming years where the baby boomer generation start collecting in full with no where near the workers to cover it, not even close. Never mind the Medicare explosion as that generation grows old. We're in for a rude awakening. And no one wants to do anything about because it's political suicide.