3 ms·
On a side note, we really need to start using post-tax/take home pay instead of pre-tax. In fact, I think most people would find it way easier to picture things
by smilebot 4y ago
On a side note, we really need to start using post-tax/take home pay instead of pre-tax. In fact, I think most people would find it way easier to picture things on a monthly take home basis rather than a yearly one.
- Kon-Peki 4y agoTo be absolutely clear I am not disagreeing with you, but... how on earth would you create a useful definition of post-tax/take-home pay that allows for comparisons between people? DCA, FSA, transportation, 409(a) deferred compensation, etc. It's mind-boggling how many ways there are to mess around with your paycheck.
- ThunderSizzle 4y agoEasy: abolish federal income tax. If we want to keep it, remove all deductions/credits, adjust the rate to something realistic (e.g. 5%) and make the IRS responsible for sending an annual bill to collect.
- patrick451 4y agoTotally agree. Automatic tax withholding from your paycheck makes it way to easy to forget how much big brother is taking from you. If we all had to write the IRS a check every quarter, the pitchforks would come out.