When did you/do you plan to take SS?

[greg vess]

Then factor in sales tax, property tax, income tax at the end of the year and that would almost reach 50% of your income. I don't know how some do it.

 

[basstracker89]

Then factor in sales tax, property tax, income tax at the end of the year and that would almost reach 50% of your income. I don't know how some do it.

You have to live on very little

 

[ADAduckhuntr]

 

[czub]

Yeah! This free country sure does cost a arm and a leg to live in. When I was in the sales business I would makes as much as 8 to 10 thousand a month. That's wasn't consistent but it was fairly regular if you worked for the right dealership. What really wrenched my nads is they would tax me that month as if I made that month in and month out. Some months you might just make 2 to 3 grand. So they didn't take you average they just taxed you for the bracket you fell in that month. Talking about crooked!

Monthly withholdings % varies based on income during that pay period but the actual tax amount and % is calculated when you're doing your taxes prior to April 15 of the following year and depend on total annual taxable income. If you overpaid during several really good months, you likely get a refund.

I have to explain this to some of my people every year when they get their bonus checks. Finance people, too. Sad...

 

[boinky]

Never and the government has 50k of my money since early 90s. A scam