Is "gross" income before or after taxes?
Dum question
- Thread starter Ridemonkey
- Start date
before, net after
Gross before. Net after.Ridemonkey said:
Think how gross it is that you could've had all that money if the gummint hadn't hoarked 30% of it.............
-S.S.-
It's gross that I received a raise that would appear to be an extra $200 every paycheck, and the net increase was $1. :angry: :mumble:
Dude! That's impressive. What's the cause?KrusteeButt said:
-S.S.-
I am curious too.SkaredShtles said:
Did you change anything else? It is damn near impossible to have that happen.....as far as only a pay increase/tax issue. There needs to be something else going on.
If there isn't educate me....if you don't know for sure it is your right to know ask your payroll manager.
Rhino
Haven't found out yet. I asked payroll to look into it for me...she said she would. That was about 3 months ago.RhinofromWA said:I am curious too.
Did you change anything else? It is damn near impossible to have that happen.....as far as only a pay increase/tax issue. There needs to be something else going on.
If there isn't educate me....if you don't know for sure it is your right to know ask your payroll manager.
Rhino
I wasn't sure if this is possible, but I was thinking that my raise was just enough to pop me into the next tax bracket...just a guess, I don't really know how that stuff works.
And no, I didn't change any of my profit sharing, withholdings, etc. Left it all exactly the same.
beforeRidemonkey said:
RhinofromWA said:I am curious too.
Did you change anything else? It is damn near impossible to have that happen.....as far as only a pay increase/tax issue. There needs to be something else going on.
If there isn't educate me....if you don't know for sure it is your right to know ask your payroll manager.
Rhino
Sounds like he got bumped to a new tax bracket.
take an old pay stub and a new pay stub and enter them into paycheckcity.com - they are usually accurate within a couple of dollars. If you still can't figure it out, pm me.KrusteeButt said:
Ah! I was actually about to PM you with this thread to see if you'd have any insight. I'll try to get to that this weekend, let you know what it comes up with.
Thanks!
Thanks!
Actually, payroll agreed to send me 100 dollars of your raise every month. Thanks to them for that.KrusteeButt said:Ah! I was actually about to PM you with this thread to see if you'd have any insight. I'll try to get to that this weekend, let you know what it comes up with.
Thanks!
Don't I deserve a free T-shirt or something? For the amount of money that I've apparently be giving you, maybe you should just hand that "Hope Mono M4" over.Ridemonkey said:
neaky:
You owe me some beers then. Support the unemployed.Ridemonkey said:
It wouldn't all go to taxes....everything else being equal.Tenchiro said:
something else is changed....I suspect. I even tried the paycheckcity.com thing and it didn't eat up the paycheck when I jumped tax brackets either.
Moving to the next tax bracket will not eat up a entire raise.....only buy the rate of the new tax rate....at the most.
so 200 * 33% would be an extra $66 in taxes....plus local/state income tax (usually small) and some increase in Medicare and Social Security (will not even touch the the extra $134 sitting there from his raise....all things being the same except a raise.