Taxes in ze US

I was just wondering how much tax you pay in the US? I know it differs from state to state and such, but would someone be kind enough to make a quick outline of an \'average tax\'?

Also, what do you pay (again, an \'average\') for health care/insurance?

Much appreciated.

Sam My sales tax in my state is 6%
I think somewhere around 30% of my check is gone each paycheck for taxes. Then you still have the taxes you must pay each year for owning a car and or house.

So far as insurance goes. I have 0 clue. My company pays every bit of it.

I pay $410 a month for health insurance and that covers me and my family.  Pretty much the only downside to my new job as I only paid $120 a month where I worked before.

Office visits are $15 co pay (meaning I pay $15 each time I or my family goes)

Specialists are $25 co pay

I have a PPO now, my previous one was an HMO - had the same co pays.

Originally posted by Capcom
Sam My sales tax in my state is 6%
I think somewhere around 30% of my check is gone each paycheck for taxes. Then you still have the taxes you must pay each year for owning a car and or house.

So far as insurance goes. I have 0 clue. My company pays every bit of it.

So on a whole you\'d be paying around 30% in taxes?

EDIT: I saw that in Texas there\'s no taxes. I\'m guessing that just means no taxes to the state of Texas, but you\'d still have to play X % to the federal state / government / whatever you call it. Is this correct? And what is the X amount - is it around 30% like Capcom described?

You have taxes seperate from your income - for example:

Property - mine is around $500 a year

Tags (license plate renewal) - last year it was $200 because I owned a VW and my county taxes out the a$$ for imports.

The stuff taken out of your paycheck is Federal tax, State Tax and in some cases Local Tax as well.  In addition you must pay into FICA (Social Security) and that is more than the Federal Income Tax!  Lastly if you work in Alabama they take 5% of your paycheck and put it toward your retirement - you don\'t have a choice.

Originally posted by Samwise
So on a whole you\'d be paying around 30% in taxes?

EDIT: I saw that in Texas there\'s no taxes. I\'m guessing that just means no taxes to the state of Texas, but you\'d still have to play X % to the federal state / government / whatever you call it. Is this correct? And what is the X amount - is it around 30% like Capcom described?

There is no state tax in Texas I believe.  Some states don\'t have it, but most do.  Federal tax and local tax are the only income taxes in states that don\'t have a state tax.

Sales tax is different... when you buy something you pay a certain percentage (ex. 6%) on top of the cost.  A few states don\'t have a sales tax either - Delaware is one and when I lived in Philly, people would flock there to buy expensive items because of it.

As for your 30% question - taxes are based on a sliding scale/bracket system.  If you earn more money you are obviously taxed higher (if you are really rich you get an accountant who can find loop holes for you!).  Also your marital status and number of dependants have a lot to do with how much your Federal Witholding status is.  I claim me, myself again (as head of household), my wife and my son.  Some people pay higher taxes than others, some pay none, some pay taxes then at the end of the year get more back than they paid in!

Thanks for the explaination Giga.

So say you lived in Texas - could you make a rough estimate of what the federal tax and local tax would be (for a single person - say with an income of about $60,000)? A list where I can compare myself would do too.

And believe me... I know all about sales tax... it\'s 25% in Denmark. /

Thanks again, it\'s quite interesting.

[videoholic]

Gov\'t Tax: My family paid last year 14% (Lots of deductions...   so that is about $14,000)
State Tax: None in FL
Property Tax: $1,400 on a $92,000 house
Vehicle Tax: about $100 for the two cars with charitable custom tags.
Sales Tax: 7%
Health Insurance: Tough to say since it\'s partially paid by employer, but we pay roughly 2,400 a year for the family.

/me is happy that i will never have to pay taxes .

Samwise, I can\'t remember what my local tax in DFW was - this was four years ago... but being single and making $60k a year... your takes would be somewhere around 25%.

There is not state income tax in Texas... and local really isn\'t that much... its $10 every 2 weeks for me... so figure on about $300 a year in local taxes if you have any.

Originally posted by videoholic
Gov\'t Tax: My family paid last year 14% (Lots of deductions...   so that is about $14,000)
State Tax: None in FL
Property Tax: $1,400 on a $92,000 house
Vehicle Tax: about $100 for the two cars with charitable custom tags.
Sales Tax: 7%
Health Insurance: Tough to say since it\'s partially paid by employer, but we pay roughly 2,400 a year for the family.

Finally something good about Alabama!  $500 on a $140,000 home!  So most of the public schools in the area suck, there is a nice private school around the corner!

Originally posted by Tyrant
/me is happy that i will never have to pay taxes .

I DON\'T want to hear about that.

BTW, do you have any jobs for a Dane?

There is no personal income tax in Texas, but I\'m pretty sure they still have a corporate income tax there (as well as many other varieties of taxes).  They getcha one way or another.

I work for an accounting firm, so I have access to all manner of references on this subject.  If you have any detailed questions, let me know Sammy.

Originally posted by Tyrant
/me is happy that i will never have to pay taxes .

Why is that?

Originally posted by Capcom
Why is that?

no taxes over here .