Maybe that total would put someone in the 42% tax bracket (if you include city/state taxes, and even then I’m not sure), but that doesn’t mean someone would onl

Maybe that total would put someone in the 42% tax bracket (if you include city/state taxes, and even then I’m not sure), but that doesn’t mean someone would only keep 58% of their income, due to how a marginal tax system works, and that’s also not counting any itemized deductions and exemptions. Any decent accountant should be able to save at least $10-20k more of that fast and loose tax total. Also— if you’re paying $6k a month in rent, and you can afford the down payment, why not just buy a home at that point? If you want to relocate you can sell it and you’d get a decent mortgage interest deduction that would affect the bottom line.