THE WALL

“ 16.4ish% taxes + all the other shit that comes out averages about 30-40% depending on the state.”

Ballparking again?

Note to self. Never ask MC for an estimate on a job.

@EA, “ Pat yourself on the back,”

I’m not looking for a pat on the back. Or am I got ya moment. Not looking to say I’m right.

You insist on shit that really isn’t. Were you correct in your numbers about tax rate, effective rates? Yes. I said I did not dispute the numbers.

This is not a one off with you. It’s the way you constantly operate. And love to give snack about it also. Then get butt hurt when people get snarky back with you.

You be you Bud. Good luck with that. :)

@One

:)

Take home, after everything would be $18.34 an hour.

Pat yourself on the back, you were off by 41 cents, not 75 :)

@Marion

"Which brings me back to my ORIGINAL point, before one had his autistic fit. An American should have that $14.00 job. Period, the end."

You are thinking of YOUR region, not the rest of the US. I know this is a strange concept for you, but 83% of the people in the US live in urban areas.

We could do a quick roll call on costs for an APARTMENT where you live. I could have fun and tell you that the apartment that I lived in when I lived in Alabama was $80 a month. TODAY, it still exists, and the rate is $395 a month. suntraceapartments. com You are correct, you could live there on $14 an hour.

My wife's co-worker just moved to Nashville. She rented out her two bedroom condo that was built in the 50s. It is renting for $4970 a month. It took less than 30 days to find a renter at that price. willowspringsapartments. com - That is a ~25 year old development. A 2 bedroom unit, all of 1000 sq ft goes for 4040 a month.

About 15 years ago I wrote an article that made the local news rags. I said, It is wonderful to own a home that has appreciated so much. It is nice that the value of the home is 4x what it was 10 years prior. What sucks is that I live in an area that is not a gated community, but a gated city. Because the cost of housing is insane, this is going to impact my quality of life. No longer will I be able to go to the grocery store and have my bags packed. I will no longer have teachers, cops, firefighters, cable company workers, etc. Why? Because they will not be able to afford to live here. We are creating a system that we have to 'import' labor. Then once that happens, then the employees will have to determine if it is worth being imported. My geography is a little odd. I have mountains to the north and it is about 30ish minutes to get to the next town and that tiny town, Solvang, has 6k people. It is mainly wine land. The cost there is about 2/3rd of what it is here and you get about 120% more. The commute is dangerous because of the roads. To the east of me is Ventura and that is about 40 miles away. There, the costs are about 2/3rd as well and about the same size. There a 2 bedroom is $2900 a month - thejunctionatwagonwheel. com/floorplans/ - so how do you survive on $14 an hour? You don't. Where those apartments are, is the 2nd largest producer of strawberries in the US. The other, well, that is 60 miles to the north of me. Who is willing to work the fields and pick your strawberries?

@EA, “ I wish my wife were here, she'd bitch slap me”

That makes two of us.

As I previously said. I stand my my numbers. They are pretty close. I may be off $.75 per hour.

I really don’t owe you this. But fuck it.

Learn what the fuck a conversation is before you interject with your thought that people are wrong.

We see not talking about a tax liability, tax rate, effective tax. We were discussing payroll withholding in a hourly rate.

We were discussing how much is deposited into an account. Or how much you have in your pocket after cashing the check. P

I never inferred, implied, or stated unequivocally that is a figure that is owed to the government at the end of the year when everything is said and done.

@Marion

"16.4ish% taxes + all the other shit that comes out averages about 30-40% depending on the state."

At least I was still asleep when I did math wrong.

Are you fucking on drugs, asleep, distracted, what?

I think the worse you can do is work in NYC and live in NJ as far as taxation. However, most people classify CA as the worst. At that salary, the tax is 4%.and there is a deduction! Again, wish my wife was here, I think it is something like 5k.

Again, the SS and Medicare is a contribution, not a tax. But to keep you happy, we can keep it that way and that person is at 16.4% prior to CA. CA's tax would be 1880 (if the deduction is 5k), so that adds $1880 to the taxes. There is another contribution thing in CA called SDI. That is the state disability income replacement. IIRC, it is 1% (it varies) and has been a little higher and a little lower. Now add $520.

If we go with taxes, the person is at an EFFECTIVE tax rate of 12.42%

If we go with taxes and contributions, the person is at an EFFECTIVE rate of 21%

Nowhere near what you are talking about.

16.4ish% taxes + all the other shit that comes out averages about 30-40% depending on the state. So 14 bucks cash is about 20 bucks at a regular job. I know single income families doing ok (up until 22% inflation joe) on that number. Which brings me back to my ORIGINAL point, before one had his autistic fit. An American should have that $14.00 job. Period, the end. Not an illegal that doesn't speak English and (historically speaking) is saving every dime he can to move home in a few years and live pretty decent on what to earned here.

@Good

"Not that it really matters, but isn't FT usually calculated at 2,000 hours/yr.- allowing for holidays/vacation/sick/otherwise missed days?"

There is no set in stone and it is perspective.

As an employer, depending upon the benefit packages, I would allocate as little as 130% to as high as 170% of the salary as the cost.

Some people will double cost the vacation days. So if you work for me, I pay you $25 an hour, then that week is vacay for you, well, I had to pay someone else to cover for you, therefore, it cost me $50 an hour then. Some people will double cost sick and holidays as well. Where my wife is at now it is interesting, they have unlimited PTO. They did this to cover their ass. Where I was at almost a decade ago, they accrued hours toward vacation days. If a person didn't use them, then, on departure, that had to be paid to them. It was capped at one month. Now, where my wife is at, if a person leaves, there is no vacation time owed to a person. Their solution is simple, if someone takes off more than 2 weeks a year, they find ways to fire them.

@One

Again, this is the shit that gets beat into my head by my taller half :) I hear it every fucking week for payroll when she bitches about something about it.

SS is 6.2%, Medicare is 1.45%

As TBR pointed out, I was off, yeah, I have had food now, so I should be sharper :)

2080 * 25 = 52,000.
7.65% of that would go to SS and Medicare, giving $3,978 to the feds.
Then, you would have the standard deduction, of 13,850 leaving the taxable income at 38,150. You would then have to pay a tax of 12% on that income, 4578.

Now take the 52k and subtract the 3978 and the 4578 and you have a net of 43,444. If you WANT to classify the medicare and SS as a tax (which it isn't), you could then say, that the guberment took, 16.5% of YOUR money.

I wish my wife were here, she'd bitch slap me with numbers showing reality per state :) She has to deal with payroll for peeps in CA, AZ, NV, TN, FL, IL.

@MC, “that was ballparking”

Your baseball skills suck.

And you doubled down on that figure.

Not that it really matters, but isn't FT usually calculated at 2,000 hours/yr.- allowing for holidays/vacation/sick/otherwise missed days?

@TBR

"A worker at full time is 2,080 hours, not 2,060 hours"

Yup.

Brain fart before I had breakfast :)

A worker at full time is 2,080 hours, not 2,060 hours

@one: I was ballparking. Geez. But, I'll take inflation for $500 Alex.

@EA I can see where my number may have thrown you off. I did say just in Federal. That really should not have been stated. That 22%!would be total withholdings. And just because you’re who you are. Lol. That would include FICA and Medicare.

@MC, “back when I worked an hourly gig I could usually get pretty close on my net. Gross X .70 would get me bad close. 25x.7=17.5. So, in the cash world $14 bucks an hour is about $20.00 IRL.”

Five hours ago it was $24.00. What happened?inflation. Lol

“If this single guy is getting 25 an hour in pay, assuming ZERO vacation or OT, etc. that is 2060 x 25 equaling 51,500. The standard deduction is 13,850. This leaves a taxable income of 37,650. That tax rate is 12%, giving the IRS $4,518. This is an effective tax rate of 8.77%”

I’m not debating your figure.

We were not discussing tax liability/rate. The figure was on withholdings.

As a general rule that wages withholding is in the 22% range. I don’t think my math was that far off.

@2out

You are in an area with a lot of factories. So that makes sense. When I lived in South Florida, the only factories were the two plants of Motorola. There was a TON of ship-related work, but it was more repair with very little in the way of building.

@Marion

It was never the 4th wealthiest. It may have had the 4th highest GDP, but that is not wealth. Socialism didn't do it in. A LOT of things did it in. Venezuela relied on Oil for EVERYTHING. So much corruption in the government and in general. There was a lot of political instability. There was what is happening now, not enough of the wealth being passed around. And of course, the fact that they sucked at managing debt.

As a weird transition . . . I fell for a STUPID tourist scam in Caracas. We were visiting a client in 1993 who lived on Isle de Margarita. We flew into Caracas and were told we were at the INTERNATIONAL airport and had to go to the domestic airport. Okay, that makes sense. We got a cab to go to the domestic airport. Fifteen dollars later, we are there. Where is it? 500 feet behind where we got into the cab. I also learned how they do security there. It is random. They push a button, if it lights up red, you get stopped and searched. If it is green, you go. I also learned how they do drainage. The island was hit by a hurricane while we were there, which is rare. The drainage? Sucks to be at the bottom because shit does run downhill.

@EA: back when I worked an hourly gig I could usually get pretty close on my net. Gross X .70 would get me bad close. 25x.7=17.5. So, in the cash world $14 bucks an hour is about $20.00 IRL.

You both seem to be talking like this $14 per hour is for life.

$14 per hour even being taxed is a pretty average (STARTING) pay for my area. Usually within a year you could easily see $16-17. Providing you're not a fuck up. After a few years you're in the $20-24 range. (I'm talking factory type labor)

https://w ww. thepolicycircle . o rg/ minibrief/socialism-a-case-study-on-venezuela/

Yo must like sealions

@Marion

"Ah... Venezuela.... the socialist dreamscape. Went from the 4th wealthiest nation in the world to one of the poorest in about one generation."

It was never the 4th wealthiest.

@One

Sorry man, your math is off :) I wake up to someone who has done accounting and taxes for a long ass time. This shit is beat into my head.

If this single guy is getting 25 an hour in pay, assuming ZERO vacation or OT, etc. that is 2060 x 25 equaling 51,500. The standard deduction is 13,850. This leaves a taxable income of 37,650. That tax rate is 12%, giving the IRS $4,518. This is an effective tax rate of 8.77%

A flat tax does not work.