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payroll taxes
http://www.avian-gamers.net/forums/viewtopic.php?f=1&t=17860
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Author:  iJasonT [ Tue Mar 20, 2007 10:30 pm ]
Post subject:  payroll taxes

tomorrow I am expecting a job offer from the company that I am currently a contractor for. Problem is, I have been a contractor for over 10 years and have no idea how to calculate for payroll taxes.

Is there a chart or calculator that someone knows of that can at least ballpark my paycheck after all state, federal and income taxes are taken out?

Author:  Arindel [ Tue Mar 20, 2007 11:15 pm ]
Post subject: 

I'll ask the people at my work. if they don't know it then I can call them noobs :) (HR/PR outsourcing)

Author:  nasiobo [ Wed Mar 21, 2007 8:12 am ]
Post subject: 

It really could be across the board, from 12%-30% or more, depending really on what you get taken out.

Personally, I have federal, state, umm, fica? Then, I have like 10% in 401k, something like 5% put into savings, umm, I believe health care is like 2%. In the end, I actually put about 60% of my paycheck in my pocket. It really sucks. Especially this year, I got a great bonus from work .. taxes on bonuses are like 40%, which really eats me up. I really don't like our tax system .. but, another topic :)

Author:  Tetran [ Wed Mar 21, 2007 8:40 am ]
Post subject: 

I tried pasting, but the formatting threw up all over the place.

Here ye be...

http://www.fairmark.com/refrence/index.htm

Author:  dbakke [ Wed Mar 21, 2007 9:04 am ]
Post subject: 

I agree with Nas from a "thumb in the air perspective", it is between 55%-60% that I actually see in my bank account.

:(

Author:  iJasonT [ Wed Mar 21, 2007 3:02 pm ]
Post subject: 

well I signed on the dotted line. For the first time in over 12 years I am a fulltime employee 'for the man'.

In nomine Patris, et Filii, et Spiritus Sancti. Amen

Author:  GodOfGophers [ Wed Mar 21, 2007 3:04 pm ]
Post subject: 

iJasonT wrote:
well I signed on the dotted line. For the first time in over 12 years I am a fulltime employee 'for the man'.

In nomine Patris, et Filii, et Spiritus Sancti. Amen


Congrats! I guess this means you are buying! :)

Author:  Cyrus Rex [ Wed Mar 21, 2007 11:27 pm ]
Post subject: 

Uncle Sam takes a 24% cut from me, and I still ended up having to pay 4k after we did our taxes.

My deductions for health, dental, vision are just for myself, I didn’t do a family plan. However my life insurance is both Danyale and myself. All totaled my deductions were 3%.

Here is a graphic of my actuals last year. Like Nas and dbakke, about 50-55% of my check makes it to my back account on any given month once 401k and savings kick in.

Image

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