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If you live in Silicon Valley, a new grad would probably be in the 28% or 33% bracket just to be able to afford renting a studio apartment on their own.
by cbhl 10y ago
If you live in Silicon Valley, a new grad would probably be in the 28% or 33% bracket just to be able to afford renting a studio apartment on their own.
- loeg 10y agoGP is talking about Federal brackets. 33% starts at $190,150 AGI (after deductions) which is well above what a new grad could expect (from their employer) or require to pay rent, even in the valley.