How much of a paycheck is taken by taxes and is it more or less based on where you live?
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im looking for a percent of the paycheck being taken
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Answer:
That would depend greatly on how much you make. But yes, it can change depending on where you live.
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Other answers
medicare and social security is about 3 percent Federal will depend on what you have on your w4, for example, single, married, how many exemptions claimed, or if you elect for additional amount to be taken out. Then also your state and local tax will also have to be factored in when determining the percentage that is coming out of your pay check. Federal isn't based on where you live, so its the same no matter where you live, however state tax if you have one will vary according to that states tax law. so in that regard state tax will vary from one state to the next. So with God
the amt. of taxes taken out depends a little on where you live--most of the taxes you pay are federal and that's the same everywhere but you also pay state taxes which are higher in some states than others. the amt. taken out also depends on how much you have withheld--if you get a big refund after doing your taxes, you should reduce your withholding.
Federal is the same but state and local taxes depend on where you live. Enter your info at paycheckcity.com for a good estimate.
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