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Old 02-04-2013, 09:50 AM   #16
evolved
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Join Date: Dec 2007
Location: Saint Louis, MO
Posts: 816
My Ride: 2011 BMW 135i
Quote:
Originally Posted by bimer21 View Post
Yes but last year i make 17.5k and i get back 1.2k and this year i make 500$ more and they give me 700$ less and i still working on the same company! And now they are taking 14% of my check and last year they were taking 12.9%, they taking more now!
That makes sense, actually. After your exemption (assuming single, 18 or older with no kids) and standard deduction you should be paying around $825 in federal taxes which is 10%. On top of that you pay 4.2% OASDI (Social Security and Medicare).
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Last edited by evolved; 02-04-2013 at 09:50 AM.
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