319
2meirl4meirl
(lemmy.world)
Memes that are too meirl for /c/meirl.
Rules:
Respect the community. If you're not into self-deprecating/dark/suicidal humor then this place isn't for you. Kindly just block and move on. This is just how some of us cope.
Respect one another.
All titles must begin with 2meirl4meirl. This is for multiple reasons. One is just so you can be lazy with titles but another is so people who aren't into this kind of humor can avoid it.
Otherwise just the general no bigotry, no dickishness, no spam, no malice, etc stuff.
Sidebar will be updated when I feel like and considering I'm Sadboi extraordinaire we'll see when that will be.
100 hours of work if the money is tax free (it's not). Taxes take about 40% of your gross income so on $23/hr hr can't afford the listed bills.
By my estimation and IRS calculator, his tax liability is probably under 20%. Probably. This assumes about 15% is being taken out for healthcare and retirement however, so yeah, the net paycheck will be approximately 30-40% lower than gross.
I'd estimate OP has $440 a month left over after all the list expenses.
$440 per month to pay for gas, utilities, phone bill, insurance, incidentals, etc. You can forget about savings completely.
I don’t think OP is too far off the mark.
Use this tax calculator; it includes FICA, state taxes, and local taxes:
https://smartasset.com/taxes/income-taxes
No one is paying 40% total tax rate unless they are single, make $350,000+, and live in a high tax area (NYC, San Francisco). If you are married, you have to make at least $800,000 to pay 40% overall.
Nowhere in the USA will you be taxed 40% of your income, I’m amazed such a blatantly obvious statement is being so heavily upvoted
Look through the thread and you will see people showing their work and coming up with similar numbers. 40% was a rough estimate off the top of my head. Figures from a recent paystub of mine: gross income of $2700.80, net income of $1774.41. My deductions are more than just taxes, but regardless that is an effective reduction in pay of %35.31. This is a real life figure that the others may be similarly subjected to, as opposed to the numbers you get out of a calculator.