Stock discussions

[MACH]

36 minutes ago, sri_india said:

Blood on streets for growth stocks 

[chittiR]

All growth stocks getting hammered, looks like a falling knife, would wait for new bottom before entering into any position.

[Chakram12]

@Spartan

Lets assume I made approx $200K in CA

based on this https://turbotax.intuit.com/tax-tools/calculators/tax-bracket/

I pay 24% federal tax on my income 

based on this https://www.forbes.com/advisor/taxes/california-state-tax/

I pay 9.3% California tax on my income

 

This is apart from Social Security(6.2%) and Medicare(2.9%) and SDI(1.2%) total 10.3% that I pay

total = fed 24 + state 10 (9.3) +  other 10 (10.3) = 44%

is this correct?

[gudboy]

1 hour ago, sri_india said:

Blood on streets for growth stocks 

buy the dip uncle..all this is FUD

[yemdoing]

1 hour ago, Balibabu said:

Started rakthapatam

why

[Spartan]

31 minutes ago, Chakram12 said:

@Spartan

Lets assume I made approx $200K in CA

based on this https://turbotax.intuit.com/tax-tools/calculators/tax-bracket/

I pay 24% federal tax on my income 

based on this https://www.forbes.com/advisor/taxes/california-state-tax/

I pay 9.3% California tax on my income

 

This is apart from Social Security(6.2%) and Medicare(2.9%) and SDI(1.2%) total 10.3% that I pay

total = fed 24 + state 10 (9.3) +  other 10 (10.3) = 44%

is this correct?

yes @Chakram12

medicare is 1.5% only other 1.4 is for employer

and 10% sperate kaadu 24 lo ne

[Spartan]

 

[sage]

28 minutes ago, Chakram12 said:

@Spartan

Lets assume I made approx $200K in CA

based on this https://turbotax.intuit.com/tax-tools/calculators/tax-bracket/

I pay 24% federal tax on my income 

based on this https://www.forbes.com/advisor/taxes/california-state-tax/

I pay 9.3% California tax on my income

 

This is apart from Social Security(6.2%) and Medicare(2.9%) and SDI(1.2%) total 10.3% that I pay

total = fed 24 + state 10 (9.3) +  other 10 (10.3) = 44%

is this correct?

your 24 % includes all remaining except state- you can see on your paystub

[Spartan]

2 minutes ago, sage said:

your 24 % includes all remaining except state- you can see on your paystub

agreed

[SUbba LIngam]

16 minutes ago, yemdoing said:

why

one million covid cases reported yesterday. ide reason anukunta.

[dkchinnari]

7 minutes ago, Spartan said:

agreed

about to post ...nu enti 44% ki ok cheppav ani..

[Spartan]

1 minute ago, dkchinnari said:

about to post ...nu enti 44% ki ok cheppav ani..

got caught up.

[Chakram12]

22 minutes ago, Spartan said:

yes @Chakram12

medicare is 1.5% only other 1.4 is for employer

and 10% sperate kaadu 24 lo ne

So fed 24 plus 10 state so 34% is what I pay on taxes ? 

[dkchinnari]

6 minutes ago, Chakram12 said:

So fed 24 plus 10 state so 34% is what I pay on taxes ? 

24% also u dont pay flat...  up to 164 24% then remaining 36k arnd 32%

 

10%	$0 to $9,950	$0 to $19,900	$0 to $9,950	$0 to $14,200
12%	$9,951 to $40,525	$19,901 to $81,050	$9,951 to $40,525	$14,201 to $54,200
22%	$40,526 to $86,375	$81,051 to $172,750	$40,526 to $86,375	$54,201 to $86,350
24%	$86,376 to $164,925	$172,751 to $329,850	$86,376 to $164,925	$86,351 to $164,900
32%	$164,926 to $209,425	$329,851 to $418,850	$164,926 to $209,425	$164,901 to $209,400
35%	$209,426 to $523,600	$418,851 to $628,300	$209,426 to $314,150	$209,401 to $523,600
37%	$523,601 or more	$628,301 or more	$314,151 or more	$523,601 or more

[Spartan]

8 minutes ago, dkchinnari said:

24% also u dont pay flat...  up to 164 24% then remaining 36k arnd 32%

 

10%	$0 to $9,950	$0 to $19,900	$0 to $9,950	$0 to $14,200
12%	$9,951 to $40,525	$19,901 to $81,050	$9,951 to $40,525	$14,201 to $54,200
22%	$40,526 to $86,375	$81,051 to $172,750	$40,526 to $86,375	$54,201 to $86,350
24%	$86,376 to $164,925	$172,751 to $329,850	$86,376 to $164,925	$86,351 to $164,900
32%	$164,926 to $209,425	$329,851 to $418,850	$164,926 to $209,425	$164,901 to $209,400
35%	$209,426 to $523,600	$418,851 to $628,300	$209,426 to $314,150	$209,401 to $523,600
37%	$523,601 or more	$628,301 or more	$314,151 or more	$523,601 or more

married filing jointly aite he will not breach 24%.