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Old 06-29-2018, 11:56 AM   #51
HoustonHunter94
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Originally Posted by bownutone View Post
61% now. Will go up in November to about 78% after maxing 401K
Exact same for me. Should be done with 401K in Sept.
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Old 06-29-2018, 11:57 AM   #52
Atfulldraw
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My ex-wife gets half, my kid gets about half, the gubment gets 40%, I spend about a quarter on fuel and plane tickets and hotels, and I spend the other half on hunting and fishing.

you do the math - I gotta get back to work.
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Old 06-29-2018, 12:13 PM   #53
Sleepy
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Originally Posted by WCB View Post
This week 67% as there is no med insurance deduction. 63% last week with insurance.
Dang, just realized that. Made an extra $200 this week!
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Old 06-29-2018, 12:29 PM   #54
JLivi1224
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Quote:
Originally Posted by rladner View Post
73%, wife, 2 kids, but single income family so that helps keep it in the 70s
Ok explain that to me.... single income having a positive effect that is...
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Old 06-29-2018, 12:29 PM   #55
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Old 06-29-2018, 12:54 PM   #56
WCB
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Originally Posted by JLivi1224 View Post
Ok explain that to me.... single income having a positive effect that is...
Doesn't take out as much cause his wife and kids rob him blind weekly?? I'm guessing...
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Old 06-29-2018, 12:55 PM   #57
OrangeBlood
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77% after tax, insurance, 401k & HSA.

Married, single income with 2 kids. Adjusted my w4 to pay minimum tax per period. It evens out over the course of a year so I don't get a tax refund.
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Old 06-29-2018, 01:03 PM   #58
OrangeBlood
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Quote:
Originally Posted by JLivi1224 View Post
Ok explain that to me.... single income having a positive effect that is...
the less you make as a family, the more you can deduct on your w4. You pay less taxes and take home more of your check.
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Old 06-29-2018, 01:11 PM   #59
WhiplashTX
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Single, medical, maxed 401K, maxed ESPP, and a small rainy day fund


48%
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Old 06-29-2018, 01:17 PM   #60
TxAg
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Originally Posted by WhiplashTX View Post
Single, medical, maxed 401K, maxed ESPP, and a small rainy day fund


48%
The rainy day fund is after the paycheck hits so exclude it for this calc
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Old 06-29-2018, 01:18 PM   #61
Dustinb09
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Quote:
Originally Posted by J Sweet View Post
Make less money and your govt will reward you.
See I don't understand this. My weekly gross is higher than average and I still get 81% of my check. I take out for 401K, insurance, and file married and 1 and still get money back at the end of the year.

Last edited by Dustinb09; 06-29-2018 at 01:24 PM.
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Old 06-29-2018, 01:26 PM   #62
Ohio Darin
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Originally Posted by Dustinb09 View Post
See I don't understand this. My weekly gross is higher than average and I still get 81% of my check. I take out for 401K, insurance, and file married and 1 and still get money back at the end of the year.
Have you maxed out Social Security for the year? That's always a nice bump in take home pay.....
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Old 06-29-2018, 01:26 PM   #63
Bigdaddy
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64%
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Old 06-29-2018, 01:29 PM   #64
OrangeBlood
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Quote:
Originally Posted by Dustinb09 View Post
See I don't understand this. My weekly gross is higher than average and I still get 81% of my check. I take out for 401K, insurance, and file married and 1 and still get money back at the end of the year.
before your edits, that number would put you in 22% or 24% tax bracket, that math doesn't work.
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Old 06-29-2018, 01:30 PM   #65
Dustinb09
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Originally Posted by Ohio Darin View Post
Have you maxed out Social Security for the year? That's always a nice bump in take home pay.....
Not yet should in the next month or so, but that 81% is also with Louisianna state tax held out.
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Old 06-29-2018, 01:32 PM   #66
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Quote:
Originally Posted by OrangeBlood View Post
before your edits, that number would put you in 22% or 24% tax bracket, that math doesn't work.
I'm not really educated on the tax brackets and stuff, but it doesn't seem right after seeing everyone else's responses. Seen your response about making less as a family as well, but my wife makes good money as well.
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Old 06-29-2018, 01:42 PM   #67
JLivi1224
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Quote:
Originally Posted by Dustinb09 View Post
Not yet should in the next month or so, but that 81% is also with Louisianna state tax held out.
Ah yes. I also pay LA state taxes. Terrible.
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Old 06-29-2018, 01:54 PM   #68
JAB71
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around 55%
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Old 06-29-2018, 01:59 PM   #69
be12hunt
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Somewhere around 65%
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Old 06-29-2018, 02:01 PM   #70
meltingfeather
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63%

funny a bunch of us are hitting that same number.
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Old 06-29-2018, 02:04 PM   #71
be12hunt
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Quote:
Originally Posted by bownutone View Post
61% now. Will go up in November to about 78% after maxing 401K
Quote:
Originally Posted by HoustonHunter94 View Post
Exact same for me. Should be done with 401K in Sept.
Do your companies offer any kind of a match on your 401k contributions?
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Old 06-29-2018, 02:07 PM   #72
bulltx50
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I'm paying for wedding today for daughter, what's take home
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Old 06-29-2018, 02:13 PM   #73
Moose
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59% after taxes, med/dental/eye insurance, 401k, & ESPP.
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Old 06-29-2018, 02:18 PM   #74
mikeyb_23
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Im coming in at 71%
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Old 06-29-2018, 02:39 PM   #75
Huggybear
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After
401k
Ira
Insurance

53%
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Old 06-29-2018, 02:40 PM   #76
Throwin Darts
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It will be interesting to see how many guys here complaining about being in the 60% range will be woo hoo'ing on a thread next year about their huge tax refund. ha ha ha.

I file married with 10 W4 allowances. I don't want no stinkin' refund. Give me my money now!
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Old 06-29-2018, 02:44 PM   #77
HoustonHunter94
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Quote:
Originally Posted by be12hunt View Post
Do your companies offer any kind of a match on your 401k contributions?
Yes. Mine does. Fiddy cents on the dollar up to 6%.
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Old 06-29-2018, 02:52 PM   #78
Shake N' Bake
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76% after taxes, insurance, 401k, etc.

A lot of this equation depends on how many dependants you claim on your w-4.
I would have to double check but I claim 6 or 8 so that I get more on my check and less of a return.
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Old 06-29-2018, 02:54 PM   #79
Texans42
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on good years 6% of my check hits my checking account, this year it’s at about 4%, hopefully it gets higher. Wife’s is about 65%

Last edited by Texans42; 06-29-2018 at 03:00 PM.
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Old 06-29-2018, 02:57 PM   #80
zztex
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43.5% Maxed out and maxed out catch up being over 50
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Old 06-29-2018, 02:58 PM   #81
PecanBayouRat
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73%

Wife & one kid, max out 401k, medical for everyone is through me as well.

We also wind up paying Uncle Sam $3-4k per year.
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Old 06-29-2018, 03:03 PM   #82
Terry
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60%
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Old 06-29-2018, 03:05 PM   #83
Fordnandez
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Funny you ask this today...... I randomly did the math this morning and I am not sure why I did it.

I take home 65%. 12.3% is income tax, 1.5% is medicare, 6.2% is SS and 15% is 401k.
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Old 06-29-2018, 03:07 PM   #84
jmoore2006
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45.7% 401k max with the equal amount in the market annually. 2 kids and wife with insurance. Some side investments. Itís close to a Ramsey approach but it works for us. Hopefully pays off in retirement
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Old 06-29-2018, 03:08 PM   #85
be12hunt
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Quote:
Originally Posted by HoustonHunter94 View Post
Yes. Mine does. Fiddy cents on the dollar up to 6%.
I used to do the same thing, but found out that you miss out on the company match whenever you max it out early. Basically if you max it out in September you are missing that 50% for 3 months.
Now I try to hit it just under the max or not max it until my last paycheck.
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Old 06-29-2018, 03:09 PM   #86
lovetohunt
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56%
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Old 06-29-2018, 03:12 PM   #87
Fordnandez
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Quote:
Originally Posted by be12hunt View Post
I used to do the same thing, but found out that you miss out on the company match whenever you max it out early. Basically if you max it out in September you are missing that 50% for 3 months.
Now I try to hit it just under the max or not max it until my last paycheck.
Good point....... I never thought about that. I am just about getting my salary to the point where what I am contributing now is getting close to the max.
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Old 06-29-2018, 03:15 PM   #88
HoustonHunter94
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Originally Posted by be12hunt View Post
I used to do the same thing, but found out that you miss out on the company match whenever you max it out early. Basically if you max it out in September you are missing that 50% for 3 months.
Now I try to hit it just under the max or not max it until my last paycheck.
Mine is a little misleading. Because of my income, I am capped at $9,000. I still have other retirement accounts set up but all after tax.
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Old 06-29-2018, 03:16 PM   #89
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I’m at about 60%. This is with the federal government getting their cut for taxes, SS, and all that Jazz, plus child support, 401k (company matches dollar for dollar up to 6%), stock purchase plan (we can buy up to 10k in stock in certain companies and the company will match us 15%), plus medical/dental/vision insurance for wife, son, and myself. I have mine set this year so I will get very little back from a tax refund.
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Old 06-29-2018, 03:19 PM   #90
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Originally Posted by Fishcat91 View Post


Thanks for reminding me...


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This
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Old 06-29-2018, 03:31 PM   #91
ptaylortx
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After 401k, insurance and the federal government shake down, it's roughly 52%
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Old 06-29-2018, 03:35 PM   #92
ptaylortx
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Quote:
Originally Posted by be12hunt View Post
Do your companies offer any kind of a match on your 401k contributions?
We get dollar for dollar to 7%, but I put the max allowed 20%. Usually max out around September/October depending on overtime.
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Old 06-29-2018, 03:37 PM   #93
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Originally Posted by ptaylortx View Post
We get dollar for dollar to 7%, but I put the max allowed 20%. Usually max out around September/October depending on overtime.


Thatís a horrible way to do it unless your plan has a true-up built in.
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Old 06-29-2018, 03:44 PM   #94
Chief Big Toe
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Originally Posted by BURTONboy View Post
Looks like it's about 59%

Taxes
401k
Insurance for wife and kid
HSA

If this much,,, we have to pay for all those that don't work and need that obamacare...
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Old 06-29-2018, 03:46 PM   #95
TX CHICKEN
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Single, no kids. After insurance, IRA I am at 67%.

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Old 06-29-2018, 03:53 PM   #96
44mAG
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Quote:
Originally Posted by Throwin' Darts View Post
It will be interesting to see how many guys here complaining about being in the 60% range will be woo hoo'ing on a thread next year about their huge tax refund. ha ha ha.

I file married with 10 W4 allowances. I don't want no stinkin' refund. Give me my money now!
I'm in the 60% range because I am sheltering my money from being taxed at all with the 401K and HSA. Unless tax percentages double by the time I retire, I should come out ahead.
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Old 06-29-2018, 03:55 PM   #97
ptaylortx
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Quote:
Originally Posted by kae006 View Post
Thatís a horrible way to do it unless your plan has a true-up built in.
They put in their 7% regardless if I max out or not. I still do an after tax 401k contribution.
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Old 06-29-2018, 04:01 PM   #98
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Quote:
Originally Posted by ptaylortx View Post
They put in their 7% regardless if I max out or not. I still do an after tax 401k contribution.


Nice, so you max out in October and they continue contributing 7% through December? My match stops when I stop contributing so I have to be careful to make sure I can still put at least 6% in through the end of the year to maximize my companyís contribution.
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Old 06-29-2018, 04:01 PM   #99
Gunnyart
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Mine is basically a negative number because I only pay myself enough to keep the tax man fed and it's all spent back into the business anyhow.
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Old 06-29-2018, 04:02 PM   #100
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53%


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