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Totally agreed, and I personally remind people of the savings aspect quite often. If you target saving a percentage of your salary, like many people do, 20% in
by mirashii 9y ago
Totally agreed, and I personally remind people of the savings aspect quite often. If you target saving a percentage of your salary, like many people do, 20% in the NYC is a lot more savings than 20% in Montreal.
This particular article is even more egregious though. Having the "adjusted tech salary" in Austin be $200k is a little bit absurd. I don't understand how they possibly got these numbers, but the process seems even more flawed than just neglecting to talk about savings.
- armenarmen 9y agoI'm guessing that a part of the $200k's justification is that Texas has no state income tax, which results in an immediate 12(?)% raise when moving from CA
- optimusclimb 9y agoEffective tax rate at these salary ranges for CA is closer to 7-8%.
- dragonwriter 9y ago> I'm guessing that a part of the $200k's justification is that Texas has no state income tax, which results in an immediate 12(?)% raise when moving from CA $200K in CA, for a single filer, has a marginal income tax rate of 9.3%; the total rate is 8.01%