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SullivanSt's avatar

According to the wingnuts, you should quit your job and claim your $60k in benefits they're sure everyone gets.

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SullivanSt's avatar

Well, 4.2% personal FICA, 6.2% employer FICA contributions, 1.45% Medicare taxes and if you're single with no dependents and a standard deduction, an effective federal income tax rate of a little over 5%, for a total of roughly 17.5%, plus state income taxes.

I went ahead and assumed a lack of employer-sponsored healthcare and 401k

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