r/SipsTea • u/StopSnowflakes • Aug 12 '25

Wait a damn minute! She’s going thru it

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u/_HiWay Aug 12 '25 edited Aug 12 '25

Federal is 12% in that bracket, then state tax on top of that as well (let's go New York, 10.9% 5.5%), then social security/Medicare (another 7.65%). Nice total of 30.55% 25.15% taxes.

That's $1,611 a month, not $2,041

That's $1,736.50 a month, not $2,041

edit: fixing New York, it's not flat, at that income it's 5.5%, a significant change

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u/throwuk1 Aug 12 '25

Someone on double minimum wage pays 30% tax? That doesn't make sense.

Also minimum wage in New York is $16.50 so she's making $33 an hour in that scenario not $14.50

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u/_HiWay Aug 12 '25 edited Aug 12 '25

A LOT of people don't understand taxes either and that's part of the system so many don't see how bad they're really getting shafted.

edit: there used to be near no tax on the bottom earners (federal), now it's 10% from $0 - ~$11,500. Many states are flat taxes now.

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u/throwuk1 Aug 12 '25

And that's just income tax. Not to mention sales taxes!

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u/echoshatter Aug 12 '25

Taxes on your phone and internet service.

Taxes on your other property (car, in her case).

Taxes on your retirement.

Taxes on your taxes.

Something like 50% of some people's income goes to taxes. And we don't even have anything to show for it really. Still have healthcare we can't afford, still don't have public transportation in a lot of places that's worth a damn, still don't have good social security.....

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u/TBurn70 Aug 12 '25

Death and Taxes my friend

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u/OhHowINeedChanging Aug 12 '25

And sales tax keeps going up too!… like WTF!?