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Neighbor News

Payroll Taxes taking 30% of Paychecks

Consumer debt reaches 17 Trillion dollars

Consumer debt reached 17 Trillion dollars for the first time today. We're not surprised at all. We created two charts so we could see what taxes are doing to paychecks. One example is a family of 4 making $8000 a month. The second chart is a family of 2 making $900 a week. We used a Federal income tax of 17.5% which is low. 30% of your paycheck is taxes. See our two charts. TAXES (dividecookcountyinto3.com)

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