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Getbig Main Boards => Politics and Political Issues Board => Topic started by: AbrahamG on February 14, 2018, 11:05:10 PM
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I get paid bi-weekly. This week I had $30 more in taxable wages than two weeks ago. Yet I paid $50 more in federal taxes. That doesn't add up. Could the govt shutdown have had anything to do with this? I had literally 3/4 of one hour more pay on this check than last and ended up bringing home $26 less. Certainly 3/4 hour of OT couldn't have skyrocketed me into another tax bracket. Can anyone shed some light on the situation?
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I get paid bi-weekly. This week I had $30 more in taxable wages than two weeks ago. Yet I paid $50 more in federal taxes. That doesn't add up. Could the govt shutdown have had anything to do with this? I had literally 3/4 of one hour more pay on this check than last and ended up bringing home $26 less. Certainly 3/4 hour of OT couldn't have skyrocketed me into another tax bracket. Can anyone shed some light on the situation?
Call your payroll clerk or HR
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Call your payroll clerk or HR
Waiting to hear back from them. Although they are essentially useless.
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Everyone post their increased take home pay here....
Mine... no difference
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Turns out on the check two weeks ago, they owed me from the previous check. They didn't have the new tax code in place in accounting.
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Everyone post their increased take home pay here....
Mine... no difference
You said you were retired
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Everyone post their increased take home pay here....
Mine... no difference
How would you even know?
Waiting to hear back from them. Although they are essentially useless.
Turns out on the check two weeks ago, they owed me from the previous check. They didn't have the new tax code in place in accounting.
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You said you were retired
He obviously forgot.
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You said you were retired
so, you guys think taxes aren't taken out of your retirement?
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so, you guys think taxes aren't taken out of your retirement?
Take home pay isn’t usually associated with retirement. I’m becoming suspect of your personal story. How did you take your retirement payment(s)?
Besides, most cops are usually right or right of center especially since obama and the obama administration shit on law enforcement. You’re borderline extreme left. All the cops I know (I know quite a few) support Trump because he backs the military and law enforcement
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Take home pay isn’t usually associated with retirement. I’m becoming suspect of your personal story. How did you take your retirement payment(s)?
Besides, most cops are usually right or right of center especially since obama and the obama administration shit on law enforcement. You’re borderline extreme left. All the cops I know (I know quite a few) support Trump because he backs the military and law enforcement
Hmmm. Take home pay isn't usually associated with retirement payments... how do you figure that works? I paid 28K in taxes on my retirement pay... did you think it was non taxable?
I wasn't a fan of Obama shitting on L.E. I'm not a fan of lying. Hope you can see where Trump might run afoul of the second part.
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Take home pay isn’t usually associated with retirement. I’m becoming suspect of your personal story. How did you take your retirement payment(s)?
Besides, most cops are usually right or right of center especially since obama and the obama administration shit on law enforcement. You’re borderline extreme left. All the cops I know (I know quite a few) support Trump because he backs the military and law enforcement
Flynn
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Take home pay isn’t usually associated with retirement. I’m becoming suspect of your personal story. How did you take your retirement payment(s)?
Besides, most cops are usually right or right of center especially since obama and the obama administration shit on law enforcement. You’re borderline extreme left. All the cops I know (I know quite a few) support Trump because he backs the military and law enforcement
Based on the coaches I know, no doubt you are a coach ;D
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Hmmm. Take home pay isn't usually associated with retirement payments... how do you figure that works? I paid 28K in taxes on my retirement pay... did you think it was non taxable?
I wasn't a fan of Obama shitting on L.E. I'm not a fan of lying. Hope you can see where Trump might run afoul of the second part.
So you took the lump sum on your retirement day. Are you still getting taxed? Based on your “take home” pay?
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Based on the coaches I know, no doubt you are a coach ;D
The difference is I can prove it
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The difference is I can prove it
I think you are mistaken. I can prove I am a retired police officer.. what are you willing to wager?
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So you took the lump sum on your retirement day. Are you still getting taxed? Based on your “take home” pay?
I have an annuity. I get a monthly pension based on the annuity. It is taxable. I just did my taxes today. I didn't take a lump sum on my retirement day, I took a payment that will go until the day I die.
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You are on thin ice, just letting you know. I don't have any other account than this one. I am who I represent myself to be. I think people with multiple accounts should probably seek help.
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Common people, taxes are withheld differently from payroll vs retirement. There is a thing called withholding tables that are used in payroll.
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Common people, taxes are withheld differently from payroll vs retirement. There is a thing called withholding tables that are used in payroll.
Not sure what you are saying here... a guy making 175k working and a guy making 175K retirement are taxed differently?
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Not sure what you are saying here... a guy making 175k working and a guy making 175K retirement are taxed differently?
The amounts that are withheld are determined differently.
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The amounts that are withheld are determined differently.
got a chart?
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The amounts that are withheld are determined differently.
The bottom line is, your gross income is taxed at the same rate.
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The bottom line is, your gross income is taxed at the same rate.
Not necessarily.
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Not necessarily.
again, chart?
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again, chart?
No. There are several difficulties types of investments not all are taxed the same.
Yes many are taxed at your ordinary rate, but for example long term capital gains is 15% max and some such as municipal bonds are not taxed. Also Roth IRA growth is not taxed. So on and so forth.
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No. There are several difficulties types of investments not all are taxed the same.
Yes many are taxed at your ordinary rate, but for example long term capital gains is 15% max and some such as municipal bonds are not taxed. Also Roth IRA growth is not taxed. So on and so forth.
cool.. mine isn't one of them
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Everyone post their increased take home pay here....
Mine... no difference
How would you even know?
Waiting to hear back from them. Although they are essentially useless.
Turns out on the check two weeks ago, they owed me from the previous check. They didn't have the new tax code in place in accounting.
Sorry, Agnostic007. I thought your post above was from AbrahamG. I just realized my mistake.
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You said you were retired
Americans do get taxed after retirement, 401K and Traditional IRA withdrawals, taxable savings accounts, side hustles, many have rental property, etc.
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Americans do get taxed after retirement, 401K and Traditional IRA withdrawals, taxable savings accounts, side hustles, many have rental property, etc.
I get that. It’s just the way he put it made it sound like he was getting a payroll check.
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I get that. It’s just the way he put it made it sound like he was getting a payroll check.
No, just a regular monthly pension check that gets taxed
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How would you even know?
Sorry, Agnostic007. I thought your post above was from AbrahamG. I just realized my mistake.
no problem
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No, just a regular monthly pension check that gets taxed
I see. 8)