What's your % take home pay??

[WRasco]

67% - Wife with 2 kids in college...

[tigerscowboy]

Net is 73.6% of gross.

[nchunter]

Be thankful your not a single white male with no kids. Worst tax bracket to be in. My tax rate alone is around 35%

First off we have a progressive tax rate. Even at over 200k your first 200k earned is taxed below 35%. You have no state incomes tax. Your social security stops at 128500 this year so from 128500-200k you may be at 32% but that’s a blend with your lower percentage under 200k. Your gender and skin color have nothing to do with your taxes either.



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[cuttingedge]

Average should run about 73%

[Sleepy]

Man, some of you must be doing things right to max out your 401K before the end of the year. Wish I could get half that in there!

[Texans42]

First off we have a progressive tax rate. Even at over 200k your first 200k earned is taxed below 35%. You have no state incomes tax. Your social security stops at 128500 this year so from 128500-200k you may be at 32% but that’s a blend with your lower percentage under 200k. Your gender and skin color have nothing to do with your taxes either.



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I noticed you forgot about the regressive deductions

[kenner27]

I'd love to max out my 401k but unfortunately the company I work for has no match. I'd be curious on how the ones that have a higher take home percentage do it at the end of the year. My goal is to break even.

[NewTexian]

According to ADP my take home is 20% but if I do the numbers myself its about 65%.
Married with 1 and 11% to 401k.

[sharpstick35]

I get to keep 60% after everything

[Texans42]

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%

I went back and checked with outs what’s going into savings.

31%
ESPP
401k
Benefits
Life
FSA
Additional withholding

[djc]

No 401k, approximately 73 per cent

[Payne346]

Maxing the SS out around June helps a lot! Feel like I get a raise. I'm at 62% after all the goodies that come out.

[BigL]

63%

[Big Red 82]

69 %

[DaveC]

65%
with 15% going into the 401k