38%

B

Bevo5

1,000+ Posts
Got my last pay check and after all of the taxes I was left with 62% of what I earn. I'm in New York, and that's nothing new -- always that much. But crap...

Just wanted to vent. After sales tax and all that **** I'm taking home what? Maybe 50%?

Ugh.
 
Well, it's just always been this way. On all the checks I've gotten here...and my wife's, friends..etc. So I dont' think I'm doing anything wrong.

Just bitching about taxes -- first to do that I'm sure.
 
Do you generally get a lot back in refund? If so, then you might need to add another exemption on your W4. Ideally, you should break even or even pay taxes in April. A refund feels good, but really it is just the government earning interest on your money for a year.
 
i honestly dont' understand why the government should get more than 10% of our money....and that is at all levels combined...
 
How much do you have to earn to get taxed at a 38% rate? Just sounds like one more person saying the rich are being taxed too much. The GOP are the ones who set our current federal tax rates. I guess you're saying that Republicans tax the rich too much. Take your gripe to them.
 
Yeah man...we are not rich. Average income for NY.

We pay 8% more just because of city and state income tax right off the bat. Then after everything else is said and done it adds up to the rest.
 
If you want to lower your taxes; then move. No one if forcing you stay in New York. The state in which residents pay the least in combined state, local and federal taxes, per capita, is: Oklahoma.

We all have choices. I know what I would choose.
 
Its all relative. For starters, at what percentage point would you not ***** about taxes? I'm pretty sure that at 10%, alot of people would still *****. Secondly, you live in a country that probably has the highest stand ard living in the world (I'm sure there are some small countries that beat us out). So what are you complaining about. Everybody would like to have less money taken out for taxes. But, how many people would ***** about the crime rate increase becasue we cut police in half?


And, you can complain about NYC, but I would imagine that after you factored in all that the federal and city government does for the citizens of NYC, you would probably not complain as much.
 
There's also the fact that you make at least 15% more in nearly every profession in NYC than you would in the South or Midwest. In my profession, it can be up to 75% more.
 
Hey it was a vent -- not suggesting there is anything wrong with the system.

I just dont' like paying taxes...and I don't want to give up any services or gov functions. What's the problem?
 
Clinton balanced the budget. Government spending has gone way up since the 90's and we are running a huge deficit.
 
I don't like taxes, and I don't like 90% of the things they pay for. I don't like politicians deciding what to do with my money. That's like giving a little kid 5 chocolate bars and telling him "don't eat them all at once." Or giving a crackhead a $20 bill and expecting him to use it to pay for fruits and veggies and hygiene products.

38% is way too high. 20% is way too high.

The only way I wouldn't mind paying taxes is seeing something tangibly beneficial come out of it. Like if Austin was a city-state of 2MM people, and we only paid our taxes to the Austin Federal Government. My taxes would be paying for helping the poverty that I see, the infrastructure that I use, and the small military that defends me personally. The percentage that goes to stupid pork and the gigantic bureaucracy would be much smaller because transparency would be better and officials would be held more accountable. I would pay those taxes and not complain. I am envious of people who live in Hong Kong, Singapore, Andorra, Monaco, Luxembourg, Liechtenstein, etc in this respect. But not everywhere can be an autonomous city-state.
 
That's really not where I was going with my rant, but okay. I am envious that those places are small principalities whose citizens pay taxes for the benefit of their own principality. Work the military out any way you want.

In my slightly less unrealistic Utopian scenario, the USA would become the United Principalities of America, which would still have a large, centralized military, with very little else that would be large and centralized.
 
I think I get what you are saying, But, I also think you would wind up pay more directly in tax as well as having more expensive good to buy.(As one example, food -- Coming for say Cali to austin -- whoever pays for that road has to get there money from somewhere -- you would also be talking about having food inspectors in every city -- with the likelyhood of every city having differing standarrds -- which would also mean that that trucks food may have to be packaged 10 different ways)
 
It's actually higher than 38%, since the government is making additional money for themselves by degrading the value of your remaining 62%.
 
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