35% Taken Out Of Paycheck For Taxes?!
Hi I just graduated college and got my first paycheck last week. Maybe it's because I'm new and naïve to the working world, but I had a rude awakening when I looked at my net pay vs. my gross. It feels like so much has been taken out for state and federal income tax, social security, medicare (i think?) it was roughly 35%. I get that usually I'll get some money back in state and federal withholding but it was bitter to realize how many thousands of dollars less it is I can actually put into my personal savings/investments.
This is probably more of a rant than a question but I am P I S S E D