What is your monthly take home pay and breakdown if you make 150-170k a year

[Anonymous]

Feel like I am getting screwed in taxes

[Anonymous]

What are your deductions? Children? Mortgage? Donations?

[Anonymous]

I make more now, but in 2012 I made $175k per year and was single. I was paid monthly and my breakdown was:

Gross: $14,590.21
Taxes: $4,943.18
Student Loans: $1,011.62
Take Home: $8,635.41

[Anonymous]

PP here. OP, why don't you post your monthly pay and breakdown if you want some input on it?

[Anonymous]

$165k, we net $9400/month

[Anonymous]

Anonymous wrote:$165k, we net $9400/month

About the same. We have almost no medical deductions though, and do not fully max out employer retirement accounts.

[Anonymous]

DH earns 150K and nets 7K per month after taxes, health insurance ($500 per month) and full 401K deduction (17.5K)

[Anonymous]

Gross 175k a year; Take Home: $8514/month.

Deductions include:
- 15% to pre-tax retirement
- Health & dental for 2 people (each through our own employer)
- Around $200/month into a HSA (one of us has a HDHP)
- Federal taxes (no state income taxes in our state)
- Some additional life/executive disability insurance but isn't much per pay period

[Anonymous]

$175k PP here/$8514 - I forgot to note that we get NAILED on the marriage penalty. This is our second year married, so after having to pay out several thousand dollars in taxes the first year, I also am having a few hundred a month taken out in extra withholdings. I just bought a house so maybe things will have leveled out this year and I can drop that back a bit.

[Anonymous]

I make 150k per year and the monthly take home is around $7,500 after federal and state taxes, health insurance (roughly $100), FSA ($300); I also max the 401k ($17,500 for last year). I have mortgage interest deductions, but still last year I had to pay around $4k additionally in taxes. Because of that I stated taking additional deductions for federal taxes. Curious what the tax bill will be this April.

[Anonymous]

Anonymous wrote:I make 150k per year and the monthly take home is around $7,500 after federal and state taxes, health insurance (roughly $100), FSA ($300); I also max the 401k ($17,500 for last year). I have mortgage interest deductions, but still last year I had to pay around $4k additionally in taxes. Because of that I stated taking additional deductions for federal taxes. Curious what the tax bill will be this April.

PP here: I meant additional withholding for federal tax, not deductions

[Anonymous]

For those at this income level saving to the max in your employer retirement account, are you saving additional retirement funds on top of that?

[Anonymous]

Anonymous wrote:For those at this income level saving to the max in your employer retirement account, are you saving additional retirement funds on top of that?

No. Max in our employer retirement is 20% of our income (plus employer match on top of that), so we feel that is sufficient for savings at this times. We are 30 and have been saving since our early 20's, so doing more than 20% isn't necessary right now and would cut into other goals.

Once some of our other financial goals are achieved, we might switch over to a Roth 401k through our employers (rather than a regular 401k) but bump up the amount so it ends up being more for retirement.

[Anonymous]

Doesn't your net change before you hit that 120k threshold

[Anonymous]

I am curious. What is your profession? I would love to make this amount of money. Would give me so much more for the things we need. Sheesh.