Thoughts about technology in the classroom
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Jun 20, 2017
I see that federal taxes are 15% on $18,651 - $75,900 ... and even with some investment income, we'll be under $75,900.
And I see that NC taxes are 7% on $12,751 and $60,000.
So I'm looking at 22% of my pension going to taxes. That's outrageous.
Do I understand correctly that you do not pay Social Security on pension payments?
I'm currently paying over $600/month for insurance for my family. The state covers MY basic insurance cost, right? My last kid'll be out and on her own. How much can I expect to pay for my husband's insurance in retirement?
Jeff
How much you keep depends on many factors but I can tell you a few things. You do not pay social security on pension income. NC State tax for 2017 is 5.499% and it is not on all of your income. Remember you have standard exemption that exempts the first ?? Of your income. The tax rate you mention is your 'marginal' tax rate. The rate you pay on the...See More
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