too fucking much! haha actually lower then compared to alot of europe countries if I remember. Best to have a corporation and keep track of all your write offs etc.
Single Filing Status
(Tax Rate Schedule X)
10% on income between $0 and $7,550
15% on the income between $7,550 and $30,650; plus $755.00
25% on the income between $30,650 and $74,200; plus $4,220.00
28% on the income between $74,200 and $154,800; plus $15,107.50
33% on the income between $154,800 and $336,550; plus $37,675.50
35% on the income over $336,550; plus $97,653.00
Married Filing Jointly or Qualifying Widow(er) Filing Status
(Tax Rate Schedule Y-1)
10% on the income between $0 and $15,100
15% on the income between $15,100 and $61,300; plus $1,510.00
25% on the income between $61,300 and $123,700; plus $8,440.00
28% on the income between $123,700 and $188,450; plus $24,040.00
33% on the income between $188,450 and $336,550; plus $42,170.00
35% on the income over $336,550; plus $91,043.00
Married Filing Separately Filing Status
(Tax Rate Schedule Y-2)
10% on the income between $0 and $7,550
15% on the income between $7,550 and $30,650; plus $755.00
25% on the income between $30,650 and $61,850; plus $4,220.00
28% on the income between $61,850 and $94,225; plus $12,020.00
33% on the income between $94,225 and $168,275; plus $21,085.00
35% on the income over $168,275; plus $45,521.50
Head of Household Filing Status
(Tax Rate Schedule Z)
10% on the income between $0 and $10,750
15% on the income between $10,750 and $41,050; plus $1,075.00
25% on the income between $41,050 and $106,000; plus $5,620.00
28% on the income between $106,000 and $171,650; plus $21,857.50
33% on the income between $171,650 and $336,550; plus $40,239.50
35% on the income over $336,550; plus $94,656.50
Once you figure in state taxes you get to keep 60 cents on the dollar.
Yup. My net pay's about 61% of my gross after federal & state taxes, social security, 401k contributions, social security tax, medicare tax, dental, medical and vision. Pretty fucking spectacular:
-- after pre-tax decuctions ( 401k, medical, .... ) -----
17% = federal tax (for wars and shit)
7% = social security (probably never see that again)
1.5% = medicare ( huh ? )
4% = colorado state tax ( roads and "ban Patchouli" awareness )
If you work for yourself and are paying taxes as an individual (sole proprietor, LLC, etc), you'll look to pay around 33-40% based on what you make. I put away 40% of everything I make in an ING account for quarterly payments. That has always covered it plus I make some interest on it in the account.
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