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Just done a quick calculation

Just done a quick calculation

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Old Dec 24th 2004, 12:19 am
  #1  
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Default Just done a quick calculation

From my latest payslip: taxes deducted from my basic pay = 16.8%
From my last payslip before I left England: taxes deducted from my basic pay = 18.5%

Nice to know that not having an NHS or any other public services to speak of has brought me such a huge frigging tax cut. Whoo-hoo, that means nearly $15 more in each paycheck! I'll have to celebrate my economic freedom by going out to dinner. On my own.
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Old Dec 24th 2004, 12:36 am
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Default Re: Just done a quick calculation

Originally Posted by nxylas
From my latest payslip: taxes deducted from my basic pay = 16.8%
From my last payslip before I left England: taxes deducted from my basic pay = 18.5%

Nice to know that not having an NHS or any other public services to speak of has brought me such a huge frigging tax cut. Whoo-hoo, that means nearly $15 more in each paycheck! I'll have to celebrate my economic freedom by going out to dinner. On my own.
Please, don't make me sicker than what I already am.
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Old Dec 24th 2004, 1:04 am
  #3  
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Default Re: Just done a quick calculation

Originally Posted by nxylas
... I'll have to celebrate my economic freedom by going out to dinner. On my own.
just make sure you don't break a leg on the way
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Old Dec 24th 2004, 1:26 am
  #4  
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Default Re: Just done a quick calculation

Originally Posted by nxylas
I'll have to celebrate my economic freedom by going out to dinner. On my own.
Don't forget to leave a 15-20% tip
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Old Dec 24th 2004, 1:28 am
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Default Re: Just done a quick calculation

Originally Posted by nxylas
From my latest payslip: taxes deducted from my basic pay = 16.8%
From my last payslip before I left England: taxes deducted from my basic pay = 18.5%

Nice to know that not having an NHS or any other public services to speak of has brought me such a huge frigging tax cut. Whoo-hoo, that means nearly $15 more in each paycheck! I'll have to celebrate my economic freedom by going out to dinner. On my own.
Don't worry your medical copay will take away the extra.
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Old Dec 24th 2004, 2:52 am
  #6  
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Default Re: Just done a quick calculation

Originally Posted by Bob
just make sure you don't break a leg on the way
LOL oh god that's sick!!
only 16 %? my hubby's had over 25% taken out!!, time to see a professional maybe?
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Old Dec 24th 2004, 3:33 am
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Default Re: Just done a quick calculation

Both my wife and I lose 32.4% each a month in State Tax, Federal Tax, Medicare and OASDI.

I have no kids, use no services, pay my own healthcare and as my wife doesn't have a green card we don't get married persons tax credit either.

In the UK I lost way way way less and got free healthcare, America is a joke. A perfect example of society gone wrong.
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Old Dec 24th 2004, 4:16 am
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Default Re: Just done a quick calculation

Blimey I paid shed loads more in income tax when I was in England.

I see you're in HH. My mum and dad have a place on Sea Pines. One of my fav spots in America.
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Old Dec 24th 2004, 4:44 am
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Default Re: Just done a quick calculation

Originally Posted by immunise
Both my wife and I lose 32.4% each a month in State Tax, Federal Tax, Medicare and OASDI.

I have no kids, use no services, pay my own healthcare and as my wife doesn't have a green card we don't get married persons tax credit either.

In the UK I lost way way way less and got free healthcare, America is a joke. A perfect example of society gone wrong.
what does a green card have to do with married persons tax credit????????
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Old Dec 24th 2004, 5:21 am
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Default Re: Just done a quick calculation

Originally Posted by candy wy.
what does a green card have to do with married persons tax credit????????
I am Perm resident, my wife is not. On the W4 it states that if spouse is not Citizen or perm resident you cannot claim for married persons deduction!
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Old Dec 24th 2004, 6:08 am
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Default Re: Just done a quick calculation

Originally Posted by immunise
I am Perm resident, my wife is not. On the W4 it states that if spouse is not Citizen or perm resident you cannot claim for married persons deduction!

hmmm, unless your wife is here on VWP then she's a perm resident... I'm assuming she has a companion VISA... H4 etc?

best thing to do is ask a tax lawyer...

oh... and I'm on a H1B, wife was on H4.. and I claim for her
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Old Dec 24th 2004, 6:12 am
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Default Re: Just done a quick calculation

Originally Posted by USBound
hmmm, unless your wife is here on VWP then she's a perm resident... I'm assuming she has a companion VISA... H4 etc?

best thing to do is ask a tax lawyer...

oh... and I'm on a H1B, wife was on H4.. and I claim for her
his wife is on a TN.
i thought this was the case as i was under the impression that you can claim even if your spouse is not in the us.

Last edited by candy wy.; Dec 24th 2004 at 6:17 am.
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Old Dec 24th 2004, 1:42 pm
  #13  
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Default Re: Just done a quick calculation

For tax purposes your wife is a permanent resident if she has a visa to be here, and therefore you do claim for her.

Make sure you do adjustments for past tax returns. You will be owed money if you haven't claimed for her before.
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Old Dec 24th 2004, 1:58 pm
  #14  
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Default Re: Just done a quick calculation

I'm in the great white north (Ontario Canada), with state provided health care, and reasonable welfare provisions (and lots of snow clearance service). Over the year, before making any deductions, my bottom line tax and insurance provision is 26.9% of my pay check (thats on an "average" middle income amount), but Ill get some back after filing the return.

Food for thought! Merry Christmas

Iain

Last edited by iaink; Dec 24th 2004 at 2:21 pm.
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Old Dec 24th 2004, 3:45 pm
  #15  
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Default Re: Just done a quick calculation

Originally Posted by Celtic_Angel
only 16 %? my hubby's had over 25% taken out!!, time to see a professional maybe?
Well, in order to compare like with like, I only deducted income tax and national insurance from the UK payslip and state and federal income taxes, medicare and social security from the US one (I figure the latter two roughly equate to national insurance in the UK). I don't have my own health insurance yet (though I am covered under my wife's) and I haven't been in my job long enough to start contributing to their pension scheme, so the percentage will go up in time. Conversely, the UK figure would have been higher if I had added my contributions to the civil service pension scheme.
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