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A comment on 58% of Americans are living paycheck to paycheck – including 30% earning $250k. Parent comment

Re:58% of Americans are living paycheck to paycheck – includ... by Kon-Peki on Tuesday June 28, 2022 @12:51AM (#31904222)
To be absolutely clear I am not disagreeing with you, but... how on earth would you create a useful definition of post-tax/take-home pay that allows for comparisons between people?

DCA, FSA, transportation, 409(a) deferred compensation, etc. It's mind-boggling how many ways there are to mess around with your paycheck.

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Re:58% of Americans are living paycheck to paycheck – includ... by ThunderSizzle on Tuesday June 28, 2022 @07:17AM (#31906314)
Easy: abolish federal income tax.

If we want to keep it, remove all deductions/credits, adjust the rate to something realistic (e.g. 5%) and make the IRS responsible for sending an annual bill to collect.

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Re:58% of Americans are living paycheck to paycheck – includ... by patrick451 on Tuesday June 28, 2022 @10:12PM (#31915675)
Totally agree. Automatic tax withholding from your paycheck makes it way to easy to forget how much big brother is taking from you. If we all had to write the IRS a check every quarter, the pitchforks would come out.
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