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To 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 compar
by Kon-Peki 4y ago
To 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.