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[quote=Anonymous]I have often wondered if I could cut my hours to a certain income and virtually have the same take home pay because we would be taxed at a different rate. Not sure how to figure that out. I know I don't have enough write offs because my tax preparer tells me every year. I also have not figured out how to spend more to pay less in taxes.

[quote=Anonymous][quote=Anonymous]Yes. That is what I am saying. I am a GS -14 and my H has a less paying job so he works a part-time job to get our income to this level.

I came to the monthly number by multiplying by 26 and dividing by 12.

I make 4700. I pay fegli, Medicare, retirement, state taxes, federal taxes, oasis, FSA, tsp

$25, $68, $38, $300, $665, $57, $195, $705

4700-2057=2647*2*26 then divide by 12 = $11453 ish

Actually I just realized I should add $123 to my monthly income due to what I get back from FSA. But sadly I just realized I forgot my H pays for our health plan so it means we actually bring home less. But this is just to give you an idea.

I am not complaining but I do think when people make less they think if only I had $500 more per month I would be set. I thought this when I was a GS-4. I am blessed to have a job with a retirement and a home and a car that starts most mornings.

[quote=Anonymous][quote=Anonymous]I guess since we make about $20333/month HHI. I would expect to bring home more than $11000/month. [/quote]

We make $160K gross per year and net 70% of that (a little under $10K/month) after paying taxes and deductions for 401K, flexible spending, and healthcare premiums.  You're saying you gross $90K more than my family and yet you only bring home $1K more each month?

How is this possible?  Your marginal rate is at the most 5% higher than mine and we probably have similar deductions for dependents and mortgage interest.  Are you maxing out your 401K's and flexible spending?  That is a blessing - you should realize this.  Many people will never be able to do that and have no idea if they can ever retire.  And many Americans worry about paying for health care and have no money left over to put in a tax-free spending account. [/quote][/quote]

Okay, I'll lay off.  We often wonder how we don't feel more free given what we make.  But I am careful to never, ever complain.  I come from a part of the country where people are really struggling.  I just have no right.  At least that's how I feel.  I am sure as hell better able to absorb a tax increase than they are.  [/quote][/quote]

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