Payroll Taxes at 30% Family Costs Charts

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Weekly Chart 1 Adult with 1 child living in a 2-bedroom apartment in the suburbs. The adult salary is $900.00 per week before paycheck deductions. 

$900.00 Weekly Incoming

Weekly Outgoing

$157.50 federal tax 17.5% (1 adult)

$44.55 State tax 4.95%

$68.85 FICA Social Security/Medicare 7.65%

$300.00 weekly rent (14,400 Year)

$42.50 Adult Illinois Pension

$150.00 Auto Payment

$35.00 Auto/Home Insurance

$37.50 Internet Cell phones

$30.00 Electric payment plan

$40.00 Gasoline for Auto

$75.00 Credit card bills

$900.00 income

$980.90 outgoing weekly

This budget shows a -$81.00 per week. That's a -$320.00 every 4 weeks. How does this adult buy food and basic necessities? This negative amount keeps going on credit cards. Consumer debt reaches 17 trillion.

Monthly Chart 2 Adults with 2 children living in a 300,000 home in the suburbs. Each adult salary is $4,000.00 per month before paycheck deductions. 

$8,000 Monthly Incoming

Monthly Outgoing 

$1,400.00 federal tax 17.5% (2 adults)

$400.00 State tax 4.95%

$633.00 FICA Social Security/Medicare 7.65%

$1,000.00 property tax (12,000 Year)

$340.00 2 adults Illinois Pensions

$1,500.00 mortgage

$700.00 Auto Payment

$200.00 Auto/Home Insurance

$250.00 Internet Cell phones

$150.00 Electric payment plan

$140.00 Gasoline for Auto

$300.00 Credit card bills

$400.00 Variety of monthly expenses

$8,000.00 income  

$7,413.00 outgoing monthly

$587.00 a month is left for food and every expense not on the list. These are actual items that many of us pay each month. Make your own chart.

Cook County 2023 tax bill $16.8 billion. After a couple 45% assessment increases the Suburbs are paying $10 billion while the City of Chicago pays $6.8 billion.

Cook County Hospitals System loses 500 million dollars a year. Their budget is 4 billion of the Cook County budget.

These figures show the Suburbs pay 3 billion dollars more than their fair share. It's time for 2 new counties.