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Does average UMC professional pay > 60% in taxes? State, fed, prop, sales, dmv,

What portion of his earnings does an average UMC professiona...
trip preventive strike
  04/07/21
LMFAO the soul crushing DMV fees
Laughsome Unholy Resort
  04/07/21
It’s definitely a lot. At lower incomes, there’s...
slippery shivering juggernaut
  04/07/21
After tax, a law firm partner grossing $2 million/year is ta...
180 plaza dysfunction
  04/07/21
...
trip preventive strike
  04/07/21
On $2m pa you can afford a $2m house eventually though. Mayb...
slippery shivering juggernaut
  04/07/21


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Date: April 7th, 2021 11:08 PM
Author: trip preventive strike

What portion of his earnings does an average UMC professional pay in taxes and government fees. It's over 60% right? Federal income tax, state income tax, city tax, property tax, social security, medicare, transfer taxes, sales tax, tax on flights, dmv fees...

(http://www.autoadmit.com/thread.php?thread_id=4805712&forum_id=2#42240312)



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Date: April 7th, 2021 11:14 PM
Author: Laughsome Unholy Resort

LMFAO the soul crushing DMV fees

(http://www.autoadmit.com/thread.php?thread_id=4805712&forum_id=2#42240332)



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Date: April 7th, 2021 11:13 PM
Author: slippery shivering juggernaut

It’s definitely a lot. At lower incomes, there’s a lot of tax relief, but as you start to phase out of that and hit the higher taxes you really get squeezed. The truly rich either have enough assets that their income isn’t important to them so the tax on that is likewise trivial, or so much income that they are still drowning in it after paying their taxes.

The fool’s errand is ever thinking you can earn your way to being rich as a middle class professional. Lol. You’ll never be in the best neighborhood or drive anything beyond a Camry unless you just sell sell sell.

(http://www.autoadmit.com/thread.php?thread_id=4805712&forum_id=2#42240329)



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Date: April 7th, 2021 11:20 PM
Author: 180 plaza dysfunction

After tax, a law firm partner grossing $2 million/year is taking home only $15k/month. Decent money, for sure, but still having to live a pretty spartan life.

(http://www.autoadmit.com/thread.php?thread_id=4805712&forum_id=2#42240354)



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Date: April 7th, 2021 11:22 PM
Author: trip preventive strike



(http://www.autoadmit.com/thread.php?thread_id=4805712&forum_id=2#42240362)



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Date: April 7th, 2021 11:23 PM
Author: slippery shivering juggernaut

On $2m pa you can afford a $2m house eventually though. Maybe a Tesla. Not too bad. UMC secure.

(http://www.autoadmit.com/thread.php?thread_id=4805712&forum_id=2#42240367)