05-16-2012, 09:35 AM
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#40
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Banned
Status:
Optometry Student
Join Date: Apr 2010
Location: NYC
Posts: 2,338
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Quote:
Originally Posted by PharmDstudent
Sooooo how much is that now?
21.26% from federal + 7.65% from FICA + 1.45% from Medicare + 4.75% from my state at $100,000, which equals 35.11%!!!! 
After it's all said and done, depending on the state ( http://www.retirementliving.com/taxes-by-state), you could be paying 40% in "income taxes".  |
Exactly what I was saying! 
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