Americans believe 58k is just enough money to get by for family of 4

[2centsworth]

I agree. That's still more than $2k/month after federal taxes a SS/Medicare deductions. Now depending on State taxation...

Your math is way off. $58,000 of gross income would net a family of four at least $4k/month.

$58k = $4833/month
FICA (7.25%) =$350


After Standard Ded. of $12,200
personal exemptions of $15,600
Max. Taxable Income =$30,200

Federal Income Tax=$3638 annually or $303/month

Net Income= $4179/month

[The Reckoning]

newsflash - dont have more children than you can afford

[SA210]

[sickdsm]

Which states out there have a low cost of living while still having a good economy/jobs?

I'm making close to 50k(after factoring bonuses+overtime) but I live in SF - my money gets me very little.

North Dakota. So hard to find workers that Walmart is bussing employees across the state.

Oil boom in a previously sparsely populated area is causing lots of opportunity. The climate keeps most of the trash out of state.

[boutons_deux]

North Dakota. So hard to find workers that Walmart is bussing employees across the state.

Oil boom in a previously sparsely populated area is causing lots of opportunity. The climate keeps most of the trash out of state.

and the ND health system/ERs are crushed by all the injuries to gas/oil workers working without employer or self insurance. oil/gas workers are as expendable as war mercenaries.

[sickdsm]

I thought he was asking about a state where there was a great economy and cheap living expenses??????

[boutons_deux]

I thought he was asking about a state where there was a great economy and cheap living expenses??????

just in case he was thinking about getting ground up in the fracking machine

[leemajors]

I'm talking about employer paid insurance, where the employee part is a small percentage of the cost.

I have excellent health benefits and I still pay half the cost - once you add a kid to insurance and have PPO like I do through UHC you still pay $120/mo out of pocket. Myself would only be $30/mo, I don't know where you are pulling numbers from.

[Wild Cobra]

Your math is way off. $58,000 of gross income would net a family of four at least $4k/month.

$58k = $4833/month
FICA (7.25%) =$350


After Standard Ded. of $12,200
personal exemptions of $15,600
Max. Taxable Income =$30,200

Federal Income Tax=$3638 annually or $303/month

Net Income= $4179/month

LOL, you're right. I wonder where I messed up at. I did a quick calc on excel. I must have grabbed a wrong cell someplace. I've deleted my work though, so I won't know for sure.

You have a minor error...

SS 6.2% + medicare 1.45% = 7.65%.

I just did it again, and get over $50,023 using the 2012 tax table, but that doesn't include the child tax credit, and I used your exemption numbers which are 400 off for that year.

OK, It's over $50k, probably over $51k before state and local taxes take a bite out.

[Wild Cobra]

I have excellent health benefits and I still pay half the cost - once you add a kid to insurance and have PPO like I do through UHC you still pay $120/mo out of pocket. Myself would only be $30/mo, I don't know where you are pulling numbers from.

I didn't include that. I pay just over $98 every two weeks. That's $212 monthly. Mine is 15.5% of the insurance cost. My employer pays the other 84.5%.

[TeyshaBlue]

and the ND health system/ERs are crushed by all the injuries to gas/oil workers working without employer or self insurance. oil/bas workers are as expendable as war mercenaries.

That's already been covered and your narrative destroyed, yet you wag it around like the worn out teddy bear that it is.

[TeyshaBlue]

That's already been covered and your narrative destroyed, yet you wag it around like the worn out teddy bear that it is.

Here. You can runaway from it again.

http://www.spurstalk.com/forums/showthread.php?t=208717

[Winehole23]

North Dakota...The climate keeps most of the trash out of state.

how you been, Cooler Girl?

[sickdsm]

Didn't you try that last week?

[TDMVPDPOY]

58k thats alot of money

look at ppl on welfare handouts is like 1/4 of that pay, still can live by their means...

[boutons_deux]

58k thats alot of money

look at ppl on welfare handouts is like 1/4 of that pay, still can live by their means...

A single person living on $14.5/year? 12 x 600 = 7200 just for rent