3 ms·
The money that it says I make in my contract has basically been a meaningless number to me most of my life other than a hard number I don't need to calculate wh
by Larrikin 8y ago
The money that it says I make in my contract has basically been a meaningless number to me most of my life other than a hard number I don't need to calculate when comparing jobs. It is only now that I have a "true" job after graduate where I make enough money to be able to set aside some money before tax.
- dpark 8y agoThe money your employer pays you is what you actually earn. The fact that you pay taxes on your earnings does not reduce them. If your tax rate doubles next year, your earnings don't go down as a result (though your take-home will). The IRS specifically defines earned income as what your employer pays you. https://www.irs.gov/credits-deductions/individuals/earned-income-tax-credit/earned-income https://www.irs.gov/credits-deductions/individuals/earned-in...