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Federal Taxes & Etc


Kasoivc

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So, what stirs this discussion is how much Uncle Sam (or the government of the replier) takes out of your paycheck for federal reasons. Today was pay day for me and I lost about 23$ to to taxes, on top of about $13 for social security. (I'm not quite up to date on politics nor understand politics very well but from what I understand, Social Security is going down the toilet; i.e. there will be no social security for my generation/etc to fall back on when we grow old.)

I'm kind of curious since I work about 30-40 hours avg, paid bi-weekly at a crappy part time job. I know taxes are higher and lower depending on where you live but 15% is a lot of money to me, even though to someone else 15% may mean like, $5 or even $400. It may be a bit much to complain about a $40 loss but that's like losing a quarter everyday to not complain. 10 years from now, that's $1040 that has accumulated.

I also have an interesting situation for when I file taxes lawl, I got about one or two paychecks while I was 17 and then the remainder were after I turned 18.

Edit: To all persons' reading this, you do not have to post your figures here if you're uncomfortable with discussing your own financial situation.

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