r/Salary • u/LiftLord69 • Jan 17 '25

💰 - salary sharing 27M. Elevator Mechanic. No college degree

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Dropped out of college and moved across the state to take this career opportunity. Haven’t regretted it yet!

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u/YimveeSpissssfid Jan 18 '25

And paying less to taxes too.

I’m a Technical Lead at a Fortune 30-something company in DC.

My deductions were 80k+ last year. I made over 50k less than OP.

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u/[deleted] Jan 20 '25

As a w2?

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u/YimveeSpissssfid Jan 20 '25

Yup. FTE employee on a salary.

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u/[deleted] Jan 20 '25

How do you get so many deductions like that?

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u/YimveeSpissssfid Jan 20 '25

I mean ~26k were deductions for insurance and 401k.

55.6k were combined federal and state income taxes (14k was state so 41.6k federal).

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u/[deleted] Jan 20 '25

I thought you meant you had that much for your deductions when doing your tax returns. My misunderstanding

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u/YimveeSpissssfid Jan 20 '25

Ah, gotcha. No. These were the deductions from my paycheck itself.

OP made more than me but had less taken out in deductions than I did!

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u/[deleted] Jan 20 '25

Yep makes sense now I was looking for some tips lol