Originally Posted by
gojo
Ouch, 37% withheld from today’s retention check
Thats top tier tax bracket stuff. Any money after 523k is 37% and 40k times 24 pay periods is 960k. Look at it this way, when that taxible income for SS hits 145000 you max out meaning you get that sweet 6% pay raise.. until you get to 172k for married couples when it jumps 8% for every dollar after
Youre probably still getting a lot back.