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schminken
Joined: 06 May 2003
Posts: 109
Location: Austria (The Hills are Alive)
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 Posted: Wed May 17, 2006 12:38 pm Post subject: Tax Question |
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| What is the average percentage of tax taken out of an American paycheck? Let's say I make 42,000 a year gross. How much would I be taking home net each month? |
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Jizzo T. Clown
Joined: 28 Apr 2005
Posts: 668
Location: performing in a classroom near you!
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| Posted: Thu May 18, 2006 9:18 pm Post subject: |
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| I'd guess that by the time you take out federal and state taxes, retirement, and insurance, you'd bring home around 2,800/month. |
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schminken
Joined: 06 May 2003
Posts: 109
Location: Austria (The Hills are Alive)
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| Posted: Fri May 19, 2006 4:28 am Post subject: |
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| thanks a lot! I really appreciate it. |
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stoth1972
Joined: 16 May 2003
Posts: 674
Location: Seattle, Washington
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| Posted: Fri May 19, 2006 3:57 pm Post subject: |
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| I think less than $2,800/month. I take home, after health insurance and 401K is deducted, around 3,000/month, and i make a good bit more than 42,000. There is also no state income tax in Washington. |
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