Credits: Social Media
Worker shares shock at her take-home pay on $100k salary: ‘Is this normal?’
A New York City worker shared her shock after seeing her yearly taxes on her $110,000 yearly salary.�
In a social media post, that has since gained traction online, she asked: Is this normal upon seeing her $65,000 take-home.
The post, which was uploaded to the Subreddit Money one day ago, has since gained over 10,000 votes as people weighed in their own views in the comments.�
Is this normal?
In her post, the woman asked Is it normal I only took home 65,000 on a 110,000 salary?
The worker shared her tax stub, which showed both her monthly and yearly wages and paid taxes. On the given month, she earned $4583.34 in gross pay and took home $2,721.81 in net pay.
Assumedly, the tax stub is from December which is able to show the entire years worth of pay. The year-to-date showed the worker to have earned $110,000.16 and taken home $65,614.85 of that.
Its important to note however that $11,595 went towards her 401k. $13,510 went on federal income tax, while $6,707 went towards social security tax and $1,568 to medicare tax. Due to living in New York City, she paid $3,578 in city income tax and a further $4,816 in state income tax.
New York City is one of the only cities in the US to have its own income tax that residents must pay on top of a state income tax.
$1,722 showed to go towards medical coverage while various smaller amounts served towards dental, pet insurance, and vision.�
Welcome to being single with no kids
Reddit users assured the worker that her taxes were normal but both better and worse than other people’s.
I make exactly the same as you do and I take home $61k, noted one user.
Yeah, I just transferred my job from Florida to New York and the difference in taxes is ridiculous. But hey, at least you have a job with livable wages, commented another user.
One user wrote: Welcome to being in the single with no kids bracket of taxes. �
People regularly turn to the Internet with financial questions�
This Reddit user isnt the only person to spark conversation online over what is normal when it comes to finances in America.
Last week, a TikTok user went viral for asking what a 23-year-old should have in their savings. Answers were unclear and ranged all across the spectrum.�
Im 24 and have 26k in checking & 15k in a HYSA but I also have severe money anxiety, wrote one user.
I have 160 dollars in my savings account and Im gonna transfer it tomorrow to get a bagel, countered another.
