Living on $100k After Taxes in Indiana

[@coreyhattenstein]

And the roads still look like a cheese grater. 😂

[@atti_tube]

at least we're not michigan lol

[@richardr7947]

@@atti_tube Yeah i live in indiana but been to michigan a lot and roads in michigan a lot worse.

[@andyt9835]

Lmao facts west Washington st

[@LetsJustTalk...]

I'm from Michigan but live in indianapolis. The pot hole in indianapolis are nuts. Bent rims and used tires every dang year.

[@richardr7947]

@@andyt9835 Southside Indy here not to far from greenwood mall.

[@Flipclockfans]

I live in Indiana. This is very accurate.

[@brockhagen9100]

no its not accurate at all - L&K Hoosier CPA

[@titusmills3385]

I was in Indiana too

[@RUTHLESSambition5]

Best state in America. You got everything here but don't have to deal with the bs . I love it here

[@contraband1543]

@@RUTHLESSambition5 I hate it here. Just a bunch of damn hills covered in trees. Nobody takes care of their stuff and everyone is drunk or on meth or old as hell. No one knows how to drive. The pay is garbage at 90% of places unless it's a factory like Ford or GE. No opportunity unless you're gonna do concrete or commercial construction. I don't know of a single person under 50 that makes more than 40 grand a year.

[@RUTHLESSambition5]

@@contraband1543 Where TF do you live??? Its def not Indy. I lived in NC,FLA and Georgia and Indiana is 100x better

[@helix117]

I also live in Indy, now just need a job that pays 100k.

[@ctieco3549]

If you find one help a brother out

[@dpcobra]

work in welding/fabrication. learn to weld and youll be rich. coming from an engineer from southern indy

[@Teo317]

If you have no degree, go to sales.

[@eefavorite]

Come work at Hanson aggregates in Indy. Work 6 days a week but you’ll be at 100k

[@Mecduhall91]

I live west of downtown Let me know when you find that job I’ll use you as a referral. 😂😂

[@tbessy1963]

And our roads are shit.

[@RedPillAlways]

You can always go to California Illinois or New York pay much much higher taxes in your road still be shitty and other people can live in your house.

[@sweetonyxakararegem692]

tell me about it.

[@sweetonyxakararegem692]

​@@RedPillAlways yes Im from NY but moved to Indiana...NY much higher.

[@unsocialchain]

Come to Gary suburbs you definitely won't regret it

[@wooper2094]

@@unsocialchain yeah nah imma have to pass on that one chief

[@travissmith5605]

All the tax we pay roads are still garbage!

[@ryousafsadi1874]

That's because it all gets spent on wars overseas and "military aid" for israel.

[@-.Mitzuki.-]

OMFG yes! All the damn pot holes, not a single dime used to really fix the roads or redo them-

[@gpond7]

As a Hoosier, I can confirm this statement

[@coleycole420]

Yupppp

[@MS-nm2kt]

Yup as a trucker I know exactly how shitty them rds are

[@travr6]

The founder's started a war over a 3% tax.

[@johntastic5595]

Yep, it really makes you think.

[@FYP1]

Should I give George Washington a call?

[@travr6]

@Harvester Of Sorrow It's the tax too. It's theft.

[@garticus4426]

Because they were being taxed by a different country

[@moistj69]

This is taxation with representation though. The war was started because they were taxing the people and not telling them what the money was going to

[@chaundasumara]

I move to Indy from NY. My $$$ go way farther here. I could have never became a homeowner in Brooklyn. I have the sweetest condo. I got it for less than 100k. I looked at one similar and it was 650k. It's not about your income. It's about how far you can stretch the $$$. I'm never moving

[@SherooDeen]

Just don't New York my Indiana

[@jimoconnor6382]

That's because you moved from 2022 to 1931, don't forget to set your watch back. Also those Polock jokes are aren't jokes there in Hoosyerland

[@thronewalker1153]

Correct.

[@InuranusBrokoff]

@@jimoconnor6382 nah...

[@JackStacks_1]

Fax brother. Although you may not earn as much, a paycheck can in Indiana can buy 3x the amount of items as a paycheck in New York, Chicago, Cali, etc

[@zechnewton]

Nobody should have to pay more than 10% of their income to all taxes collectively

[@keysersoza8919]

Facts, I live in Indiana. It's cheap but they don't pay you shit.

[@indykurt]

In Indy, when you buy things that sell nationally like cars & tvs, they are priced as if you live in NY & CA so it takes so much more of your income to buy those things.

[@MarcoLiftz]

You gotta have a degree or work your ass off in hard labor jobs

[@F4URGranted]

​@@indykurt this is the one reason why I enjoy living in CA now. I moved from the Chicago suburbs to NC, where it was very cheap but the wage was shit, and now I'm in the SF bay area living better than I ever have despite how expensive it is

[@MagicofKeelanWendorf]

For real

[@justthisguy1948]

I live in indiana and make more money than I know what to do with

[@apancher]

Annual alcohol budget to deal with living in Indiana: $20,000

[@BIGSCHMUNGY]

I will continue to say taxation is theft

[@spyder027]

I like having interstates military police firefighters. If you dont like that its your choice I guess

[@Lycheye]

This is incredibly accurate and I'm from Indiana.

[@maxjohnson1758]

Now add all the other taxes you pay like property, sales, gasoline, etc., and you'll discover that over 50% of what you earn is taken away in taxes of one kind or another.

[@taytaytheoriginal4850]

Indiana here….pretty accurate if you’re married. If you’re not, you would get about $60,000

[@cbrunnem6102]

anyone that's married will pay less of their gross is 100k vs single at 100k.... you aren't telling us anything new.

[@Nightfighter82]

@@cbrunnem6102 Well yeah if you have kids with refundable child tax credits.

[@cbrunnem6102]

@@Nightfighter82 not at all. federal taxes brackets double when you are married so a household making 100k is going to pay less taxes than a single person making 100k

[@thefirstgenesis4280]

$60,000 is still a decent wage for a single income earner. That is more than what the average income earner makes in the country

[@Daily_Walk_]

God Bless Indiana and all that cheap cost of living

[@coleycole420]

Not gonna be cheap for long. Rent in my area has went up from 400-600 for a nice apartment now its 800-1500 for a apartment. Welcome to build back better ig smh

[@SussyPniffer]

@@coleycole420 same thing happened in fort wayne.

[@googleuser868]

Inflation is ruining it. Now we need New York wages to keep our standard of living up. Gasoline is running higher in the area. Food has gone up faster than I can ever remember in 60 years of eating. Nothing is cheap these days

[@brettschuller1863]

Maybe in some podunk town out by bum fuck egypt. 3 bedroom house for rent that isn't located in 3rd world East Side Indianapolis (insane crime rate) is 1550+.

[@Diana1000Smiles]

I'm not aware deities still exist in the 21st century. Please give proof?

[@Miller8017]

They call it gross income because it's sickening to see how much you actually make before taxes

[@kensmechanicalaffair]

Basically being robbed and told to deal with it.

[@oatmeal8126]

They only need your money every time you get paid, and every time you buy something or sell.

[@googleuser868]

Or everytime you live in a house. Or everytime you need a license or permit.

[@SmotPoker1986]

Now, try to find a job in indiana that makes $100k 🤣

[@maddog726]

It's very doable. Most of my friends and family make 80k and up.

[@joncast1]

you seen the neighborhoods in carmel or Westfield? its yo fault you ain't got a skill that's useful enough to get 100k 😂😂

[@coltonwaggoner5397]

I’ve made 150k every year since I got out of high school working in a steel mill.

[@maddog726]

@@coltonwaggoner5397 them Indiana boys are built different 💪

[@TheMissinLink]

@@coltonwaggoner5397 how much you work per week? Not trying to be an ass but i’ve got buddies that work in steel mills that put in crazy amount of hours in SE indy.

[@minmaxh]

Bruh i live in indiana and this is too true. the roads are somehow still under construction after 5000 years

[@skrrtfranklin]

Construction companies and people that fix the roads milk them and never run out of work in Indiana , minor fixes ! Keeps the jobs coming !!

[@spyder027]

I69 and 465 are horrible during rush hour

[@brandonjournay8041]

I always thought it was ironic that Indiana is know for our speedway but if you go on the roads to get to the speedway your likely going to destroy your cars tires from potholes

[@amberreynolds5752]

Unfortunately, most of us don’t even make close to $100k …. That’s like a really good job. I live and grew up here my whole life. I live in the same city as the Tin Caps stadium. Can barely survive off of what I make. Everything is going up except our paychecks.

[@MrDumbass420]

so your in ft Wayne? jobs are plentiful. and Apts are everywhere. crime rate isn't bad unless your on the Southside. and that'd be a personal choice. I'm guessing your not trying hard at all.

[@thronewalker1153]

@@MrDumbass420 Fort Wayne is a ghost town. Even the local mall can’t find enough businesses to fill itself. I spent a day there and never will I ever go back.

[@orlandovega6958]

@@thronewalker1153 youre full of shiiat lmao fort wayne is growing and i rather it not.

[@MohammedAliPM]

thank God i live in Hamilton County

[@eatmysalt291]

@@thronewalker1153 definitely not a ghost town 😂 Glenbrook and Jefferson Pointe malls are damn near filled with stores, almost no vacant spots in either one. Population is growing every year. Riverfront projects are bringing retail back to down too. When did you visit here? 1985?

[@SS-xo1px]

Fed needs to be abolished

[@kensmechanicalaffair]

Too late for that.

[@waterlily2743]

Now keep in mind that the average Indiana worker makes 30-40k gross Salary

[@Kanelamiel]

Yeah, been like that since I can remember. About 1/3 of what one earns is taken in taxes. Then we got to pay more taxes when ever we spend money. 7% is our sales tax.

[@De3toto89]

Those taxes are more than I make a year 😂

[@choffchoff1880]

This is why all the people that live around me are all struggling?

[@adamschroering741]

$3,198 goes to state road 37 still under construction since 1776.

[@thomasvlaskampiii6850]

Oh please... You and I both know that of that $3,198, $3,190 is going into the construction companies pocket. The other $8 is going into the road

[@Turtlesarejustlikethat]

Who else live in Indiana?

[@hoosierlady9500]

I do

[@bobiskeyz9975]

I do

[@jeffwilliams4807]

Yep

[@Rowenboat]

Me

[@thefirstgenesis4280]

I do as well. Very few regrets except for the brutally cold weather in the winter

[@JackStacks_1]

As someone who lives in Indiana, you should point out that the prices here are extremely cheap. Indiana has one of the cheapest housing markets as well. Sure it’s boring, but you make good money and things are quite inexpensive. Groceries especially

[@coleycole420]

Cheap where? Lived in indiana for my whole life yes it used to be cheap. Last 2 years i watched rent double. And grocerys are expensive almost for a gallon of milk 5 for a lb of hamburger

[@JackStacks_1]

@@coleycole420 idk where you live, but it’s cheap for me. Milk can be pricey though, I’ll give you that

[@Xantheus07]

@@coleycole420 Like you said you lived in Indy all your life you need to go else where to be the judge of cost of living.

[@fulgerion]

Sure it does. a house not even worth 30k due to all the issues, extreme code violations, general age and foundation, basement issues due to living in a swamp sold for almost 90k. It would cost you tens of thousands just to repair it, and bring it up to code.

[@SaraS-jq1ln]

Cheap? Where the f you living in Indiana? You pay $1200 here for a tiny 700 sq ft apartment. It's a struggle just to pay rent let alone gas and crazy soaring food. $4 for a dozen eggs no thanks.

[@McGeistly]

Then subtract all the "benefits" you get as well, and you see roughly 55% of what they say they pay you.

[@ethanthopy1996]

Screw benefits! I've never worked anywhere that had them and if they did I won't take them. I carry my own insurance so that way I can do whatever comes my way (self-employed or employed by another entity.)

[@Young_Travels]

It baffles me to this day that one of the reasons we fought for freedom from GB was double taxation and yet here we are. Taxes far worse today by our own government. I would also argue that we don’t really have representation either.

[@MirageScience]

and then there is a 7% sales tax

[@hondaracing200x]

That does not have anything to do with income 😅

[@googleuser868]

And property tax And license plate tax And drivers license tax And excise tax on gas tires etc And permit fees And on and on and on!!!

[@AUDIO2AUTO]

@@hondaracing200x Yes its does because you are paying tax again while spending the money you were just TAXED on.

[@hondaracing200x]

@@AUDIO2AUTO that is not the point of this video tho 🤦‍♂️

[@billhecht5291]

You should do videos showing average cost of living in each state.

[@MagicofKeelanWendorf]

I agree

[@alexjames3694]

70,000 U.S. dollars in Australia would be taxed at 45%

[@LetsJustTalk...]

I just so happened to have made just over a 100k last year. I live in marion county, indianapolis, and I paid waaay more in taxes. I paid almost 30% in federal taxes alone!

[@HoloTWWOriginal]

Uuuhhh I live in Indiana and make close to 100k last year and didn't pay nearly that much. But of course everyones taxes are going to be different

[@bkblindside3884]

Yea wasn't it closer to like 17% or something?

[@mgt7473]

It’s actually less that the stated amount. I’m pretty sure when you file taxes you get a standard deduction which brings you down to a lower tax bracket. Which equates to paying less taxes.

[@hitmixhyepock9405]

Yep...that's about what my wife and I paid last year. But she deducted it down to about 7k.

[@dad45a]

Those deductions are the missing part of this simplistic meme. Though...does this include the 'tax' levied to build the Colts fball stadium?

[@rhinosaur.]

Now add all the sales taxes, excise taxes, property taxes and ad valorum taxes that we pay on everything we buy from shoes to insurance or own like a car or house. You'll see your real tax burden is substantial.

[@HollanaBeReal]

So many people from Indiana! Here I seriously thought I was the only one.

[@Shutupbird81]

Hey there 😊

[@garticus4426]

All 10 of us have gathered here

[@jimoconnor6382]

Nobody will admit it and those who do sound like kidnap victims

[@earthing3696]

@@garticus4426 now 11!

[@sqigeypop701]

Corn people UNITE (me too)

[@rhvette]

And to think that of that, $4800 pays for the roads, the teachers, the cops, and all the other things they go “BuT wHaT aBoUt ThE sChOoLs?,” whenever you try and take back the other $23k they take from you.

[@frenchfryvr6564]

Me living in Indianapolis: 🙃

[@MercuryVisions]

This video only covers the taxes when it’s coming in. When you spend it you also get 7% sales tax and 2% of your house value annual tax rate.

[@Darmok_onthe_ocean]

Don’t forget the outrageous property taxes and highest water/electricity bills in the nation.

[@Mr.Deleterious]

Luckily I dodged that bullet by grossing $76k in 2021. I hate this states tax system. Every single road in Indiana has 4ft potholes.

[@gavinreedgaming226]

“You become the very thing you seek to destroy”

[@Diana1000Smiles]

Thanks, Mr Climate Change.

[@americandreamer2279]

I work 5 minutes from where this is pictured, the roads are absolute sh** 😂😂. Thanks Holcomb.

[@tinyk0116...]

I live in Indiana and just found out my county has a sales tax (8%) than the rest of the state (7%) because it's a "donut" county💀

[@scottjtube]

Mmmmmm donuts

[@reign2041]

dont forget property tax, vehicle tax, im sure theres a tax on breathing the air in america too, tags on a car, road tax for driving on the roads. it never ends we literally tax tax

[@tomfoolery5680]

I live in Indiana. Can confirm.

[@xtusvincit5230]

I live in Indiana. State income tax of 3% is very reasonable. The bulk of the taxes you show are federal (FICA is a federal tax). So 23K is what you would pay anywhere in the US. State and local combined is 4.6% which is a bargain compared to Democrat run states. If you lived in Chicago the State + Local tax would equal about 30K.

[@atti_tube]

exactly.

[@TreaJaylen]

The government can’t do much if we the people as a whole just over run them 🤷🏻‍♂️

[@douglasmcpherson7048]

Right! Chaos is a great plan.

[@chaosmarine8166]

@@douglasmcpherson7048 it truly is

[@bob3007]

eat the rich, tell your friends

[@googleuser868]

But have you got a plan to take control and do what needs to be done? Who will organize the over running?

[@kensmechanicalaffair]

​@@douglasmcpherson7048 You'll get that anyway.

[@Codemander12]

I live in Indiana and say the highest taxes taken a way from your paycheck would be 30%. I approve for this accurate statement.

[@nytquil1]

Ive never met anyone who lived in Indiana on purpose.

[@triggerwarned]

I moved from South Dakota last year

[@Diana1000Smiles]

Have you read Kurt Vonnegut?

[@TheFitTherapist]

I moved from Illinois. It’s much better.

[@jimbusmaximus4624]

moved here from Chicago. My new house cost less than renting an apt. And I don't worry about getting shot or mugged every time I leave the house.

[@michaelcarson6744]

Well thanks..... I guess

[@user-ot2fx9ld9b]

Dude, that ain't even bad. I live in Israel, tax would be somewhere around 57%

[@RNDiva33]

So basically a lot of traveler nurses got screwed

[@BigBootyBass96]

As a resident of Indiana I can confirm were Ohios cross eyed brother 😂

[@wotes635]

I just came down to Indiana the government is tracking me💯

[@Diana1000Smiles]

ha, ha! That's a funny comment.

[@brianarbenz1329]

It's the fault of big corporations. County after county in Indiana gave tax breaks to corporations to get them to move their factories to Indiana. Usually they gave 10-year deferments, but they also built template industrial parks so they companies can easily move out when the 10 year mark arrives, so no tax dollars are collected by the government. Many of these counties enacted local income and occupational taxes. It's this welfare for the rich that is causing 90 percent of Americans to pay so much more. This video need to look at this.

[@kensmechanicalaffair]

Makes sense.

[@Labrli]

This is accurate. I’m located in Indiana as well.

[@jthan709]

And then you have to pay sales tax. The most even genius plan devised to let us think- we’re not taxed THAT much.

[@googleuser868]

Don't forget the other big one. PROPERTY TAX. Your landlord lets you pay his if you rent so don't think you're exempt and the local governments tax rental property higher than homesteads.

[@truck6859]

The more you make, the more they take.

[@joncast1]

that's how the government works 🤷🏽‍♂️😂

[@Grand_History]

That’s actual theft

[@dominicadrean2160]

You should do a video on what if there was no more income tax

[@jawnlaughlin5]

Its called Tennessee

[@Drunken_Monke]

@@jawnlaughlin5 didn't Florida do something like that recently?

[@rosaliehartwick5570]

Doesn't include state sales tax, license taxes, property taxes, gas taxes and other taxes. We pay about 40% toward taxes.

[@enriquecasiano7921]

School tax ,child support

[@matthewoconnor5690]

Library tax, just paying for luxuries for the literate.

[@ryan_0000]

And yet our roads still can’t last 1 year

[@dominicadrean2160]

You should do videos on getting taxed after you win the lottery and how much you lose some you can take in some more amounts and one option but the vast majority of options that people choose is all of it right now And there's different amounts you can subtract from the biggest 1.6 billion 1.2 billion 100 million 500 million 700 Etc how much you exactly lose from those taxes

[@jordanperez3292]

From someone who lives in Indiana with 0 dependents, young, and makes okay money. They take way more than that! Indiana this year had a $6BILLION surplus

[@Gerkasch1]

Let’s talk about the fucking gas tax in Indiana

[@CurlyTop878]

Welcome to the real world kids

[@rodgazinya]

No that's just scumbag feds stealing from us. The US is not the world. We're a just self entitled brainwashed sheep that think we own the world.

[@CaliAmg]

Taxation without representation

[@thomashughes_teh]

If you need hospitalization it can go up to over 100% for years to come.

[@iicordii648]

I live in indiana and make about $67k a year and I feel like that take half lmfao. It is crazy how they take over a quarter

[@aus995]

The state doesn't really take that much money. It's the feds taking 15% of your income. Nothing to do with indiana

[@aus995]

But keep misrepresenting the info

[@iicordii648]

@@aus995 what?

[@iicordii648]

@@jakerodriguez9941 That’s fuckin insane

[@iicordii648]

@@aus995 It says I have 5 comments, but I only see 2. Im hopin your comment that says “but keep misrepresenting the info” isn’t to me

[@DrMurdercock]

Fellow Hoosiers always bitch aboutr the "bad roads" and I'm over here like, "We have roads?"

[@jasonhelton6128]

Bro PKEASE do Kentucky

[@vermin5367]

What's a Kentucky

[@gregory46236]

First you would learn how to spell

[@amandabutler5500]

Lol 😂 why none of you hillbillies can spell let alone work!

[@kensmechanicalaffair]

​@@vermin5367 lmao

[@noonedude101]

I live in Indy and make over $100,000 per year. This is accurate. I pay more in taxes now than I made yearly in college.

[@distortomanipulo]

"But the housing was cheep for a while." Is Hooser talk for "Hey, you know a dumpster fire will keep you warm."

[@2dsdaalt]

So glad you included Evansville

[@brantleycombs3088]

Evansville/southern indy gang

[@sqigeypop701]

Wait i live like right around there

[@jeepwk6.5L]

@@sqigeypop701 same. Bout an hour and a half

[@kaigaku_6974]

Yessir

[@robdogbme]

812 👍

[@brantleycombs3088]

@@robdogbme yessirrr

[@daronsmith5125]

Before you see a dime 😂

[@cecef824]

Why didn’t you post this a little over a year ago 🥴🤦🏻‍♀️ I thought it would be cheaper moving to the Midwest from the west coast! Boy was I wrong 😢

[@manwhosayf]

That's not even including the hidden tax of inflation because of the out of control spending from the government.

[@RUTHLESSambition5]

317 born and raised. Best state in America. Run very well,jobs,good schools,cheap rents,great people and it's an open carry state

[@NativeAmerican10]

Why are you telling that lie open to carry is my favorite

[@Sveta-zx7fo]

As a Hoosier, I know that if you made a $100k salary in Indiana, you would be living very well.

[@brockhagen9100]

Hoosier CPA here - your calculations are wrong and way overstate income taxes - so what are you really trying to accomplish with this misinformation anyway? Oh, tea party nut - got it.

[@middleage_maniac1692]

The nuts are in the White House and congress

[@thedant21]

I’m at $77,490 YTD right now and State taxes are at $2,249. Not exactly a stretch.

[@kensmechanicalaffair]

Your advocating brute taxes for a government that's has zero fiscal accountability? The number can't be too far off.

[@blumorn]

I live in Indiana, made $110k in 2021,my tax rate was 36.4%.

[@dahveed284]

I like this analysis, but some places you use $100,000 and others you use $1,000,000. Perhaps you should pick a standard number as it does effect the actual tax amounts.

[@LilPW]

I think that's the point as the cost of living is much higher depending on where you live so he's adjusting for it. Nobody wants to see 100,000 in California because that's almost like being homeless.

[@dahveed284]

@@LilPW True, but nearly every country uses a "progressive" tax rate, meaning the higher the income, the larger percentage you pay. So when you compare $1,000,000 income in some place, you might get a 51% effective tax rate while comparing $100,000 yields a much lower effective tax rate.

[@supremearkham7650]

He isn’t capping whatsoever

[@Evan-gq9lu]

and then they will tax you on anything you buy with that net profit. plus any property you already own after buying it with that taxed income

[@iwnnafckmthmn]

i work in a factory and make roughly 50k without OT, if i wanted to live at work i could make a little over 100k a year but with an extra day a week i make a little over 65k

[@honklerbonk8729]

No taxation without representation really went out the fuckin window

[@robertquackenbush5547]

That tax rate should be uses in all states where someone makes 100k a year

[@joshie8045]

Car repairs from potholes: 30 thousand dollars

[@annaschofield]

You forgot to figure in deductions. If you earn 100k due to deductions you will be taxed on less than that and be refunded the difference

[@jkhell2770]

Moved to KY a couple years ago and definitely miss the lower cost of Indiana.

[@furiahispanica3823]

Yeah it's more expensive and car insurance is higher, Indiana is expensive but compared to neighboring states it's cheaper.

[@nickkearney4083]

They forgot the health insurance tax.

[@joshuaf1820]

I love how people don’t get that the Government is the problem. We don’t have raising taxes problem in the US, we have a spending problem. Is there a gas tax?

[@Danny-ge2my]

State that I live in we actually it's about 25% if your net iincome. We have federal tax, social security tax, Medicare tax , , State tax, Sale Tax !!!!!

[@emilyloehr4105]

Jobs for $100,000 are not easy to come by in Indiana. They do not pay that because the cost of living is so much better than other places.