US salary question

Happy Times · 08-30-08, 12:02 PM

Quote:

Originally Posted by Platapus

Quote:

Originally Posted by Happy Times

Quote:

Originally Posted by Platapus

Here in Virginia I am paying about 60% of my total salary in Federal, State, County taxes.

What? Taxes alone? We have a progressive taxation and with 60,000$ you would pay some 30%.

Are you counting all your taxes or just federal income tax?

I interpreted the question to include all monies the governments take out of my pay.

I also earn more then 60K.

This exsample has all national and county taxes. There are goverment retirement and unemployment insurances also but it doesnt change the figure much, it stays between 30-40%.
This exsample doesnt include other incomes besides salary.