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Old 01.03.2014, 01:55 PM   #43
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Quote:
Originally Posted by demonrail666
Don't know the exact figures for individual circumstances but I'd say most people can budget on the assumption that they'll take home roughly 70% (probably a little bit more) of their salary - unless they're freelance or have their own business, when they'll keep the lot but have to file their own tax return at the end of the year. But again, 30% seems like a good round figure whichever way it's done. That'll include deductions for tax and national insurance.
damn, it looks super-simple by comparison.

calculating your income taxes in the yooessey is a fucking nightmare. there are pre-tax deductions (social security and medicare, plus some employee benefits), adjusted gross income, further tax deductions (standard or itemized), taxable income, tax credits, shittons of tax brackets, filing status (single, married, head of household, and i forget what else), then taxes can be federal, state, and local (these last two not always apply). enough to give a grown man a case of the spastic shits.
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