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Sure -- a whole lot less. I have about 50% of my paycheck taken out -- some of it required taxes, some of it taken out for things I have chosen -- such as my retirement, my healthcare insurance, dental insurance, legal insurance, long-term care insurance, flexible spending account for healtcare, and a charity contribution.
I'd rather have those things taken out of my paycheck rather than get the cash and then be tempted to spend it. This way, I know these important financial needs are taken care of automatically.
pat8585
1 Article; 360 Posts
Hi everyone,
I was just curious if by the time you have your health plan, 401 K etc, held out of your paycheck, PLUS
state and federal taxes , if your take home pay is quite a bit less.
smiling,
Pat