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Old 03-25-2005, 12:17 AM   #1
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Default You guys ever get bored....

I did. And when I get bored I tend to crunch numbers and make formula'*. So... What'* more important to a guy on a budget than my money? It'* rather saddening. I started out making a spreadsheet to add up my hours and compute my pay. Rather easy, Converting time to decimal was just a google search away. Then I realized I should account for the deductions I suffer every pay period. IRS.gov, Here I come! Here'* the break down of my taxes:

Federal Income: $730 + 15% of remaining
Social Security: 6.2%
Medicare: 1.45%
Local Sales Tax: 8.25%

What does all that mean? If you work for $5.15/hr, You acually get to use $4.66 of that to buy things. Bad, but not too bad right? How'* about this; $5.15, Full time.

Gross Income: $9888
Federal Income: $2103.70
Social Security: $613.06
Medicare: $143.38
Net Income: $7027.87

But that'* not all, When I go to spend that money I pay a Sales Tax, which leaves me with; $6448.07. Well, that'* made my wallet a bit lighter. Gee, I wonder what I'm really working for per hour... $3.36/hr. 34.7572% goes to taxes! Yeah, I feel like going to work right now.

Maybe I should get into painting....
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Old 03-25-2005, 12:19 AM   #2
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yeah i did this a while back...ended up loosing about 16.5% of my wages to tax

14 an hour is actaully 11.69 an hour... grrrr

nice math though
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Old 03-25-2005, 12:23 AM   #3
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You make 5.15 dood, dont' you work in construction and you're how old again?

kick ur employers ***.
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Old 03-25-2005, 12:27 AM   #4
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I haven't worked construction in almost a year

First I did construction for some amount of years that were never reported for $6/hr

Then I did three months of construction on the books for $7/hr

Then I read electric meters for nine month for $8/hr

Then I was a cashier at an Exxon for three months for $5.15/hr

Now I've moved up inside the company and manage two stores, yet still on "probationary" pay.

The only better jobs in the area are International Paper, which sucks; Cooper Tire, which is on strike right now; Domtar, which is hard as heck to get into; and an OCI Hosting/computer assembly place that they're getting ready to build near my house. It'* an area with a lot of entry level positions and few good paying jobs. $8/hr is darned good money here. Just look up a COL index. Your $11.17/hr is equal to my $8.
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Old 03-25-2005, 12:30 AM   #5
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Ah that'* right... Hrm, you get like 3c off gas right? That adds up quick these days i'm sure. Especialy with ur foot.
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Old 03-25-2005, 12:45 AM   #6
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Hahahahhahaha... a discount? I had to threaten walking out to get a raise with the "promotion"...

And I end up caddilacn' around town mostly these days.. $2.04 for 87 will slow you down QUICK.
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Old 03-25-2005, 01:20 AM   #7
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yeah it pisses me off too just knowing how much of my hard earned money goes to taxes. :( Guess working at a pizza place as a manager isn't so bad afterall. I do make 8.25/hr. Just until i get out of college. then I'll be out of there QUICK!
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Old 03-25-2005, 01:27 AM   #8
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Just about everybody I meet involved in customer service type positions is only doing it for a while...
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Old 03-25-2005, 03:27 AM   #9
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Quote:
Originally Posted by Damemorder

And I end up caddilacn' around town mostly these days.. $2.04 for 87 will slow you down QUICK.
It'* nice to hear the flowmaster really burbling IMO. That helps me out. Once it gets over that exhaust note peak @ 2100 i quick get up to shift, or let it fall again mmm 1800 RPM burble....
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Old 03-25-2005, 06:35 AM   #10
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Quote:
Originally Posted by Damemorder
Just about everybody I meet involved in customer service type positions is only doing it for a while...
Going on 4 years now.....
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