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Cake day: June 26th, 2023

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  • Bloxlord@lemm.eeto2meirl4meirl@lemmy.world2meirl4meirl
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    4 months ago

    Look through the thread and you will see people showing their work and coming up with similar numbers. 40% was a rough estimate off the top of my head. Figures from a recent paystub of mine: gross income of $2700.80, net income of $1774.41. My deductions are more than just taxes, but regardless that is an effective reduction in pay of %35.31. This is a real life figure that the others may be similarly subjected to, as opposed to the numbers you get out of a calculator.