Is Gross Income Before Or After Taxes?

Your gross income is what you earn before taxes and other deductions are taken out. People are often surprised at how much of a difference those taxes make. Once you reach a minimum level of earnings you will pay federal income tax, state income tax, Social Security (FICA) tax, Medicare tax, and possibly local/city income tax and school district tax. It sometimes feels like you’re supporting the whole world with your job!