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Some people underestimate the options and freedom (including being ready for the effects of recession/ageism in the industry) that living on $60k with a $200k s
by pedrosorio 8y ago
Some people underestimate the options and freedom (including being ready for the effects of recession/ageism in the industry) that living on $60k with a $200k salary can provide.
- jdavis703 8y agoHow do you pay for $200k level taxes on a $60k salary? I make low six figures and pay an effective tax rate of about 35%. You’d only have about $5k left over for living expenses for the year...
- pedrosorio 8y agoAssuming this was a legitimate misunderstanding: - they earn a $200k salary - their living expenses match those of a person living with a $60k salary and presumably spending everything they earn after tax (in response to “what kind of life they can live with $60-80k”) Does that make sense?
- jdavis703 8y agoYeah, I had kind of assumed they were advocating putting $140k in the bank and living off the $60k.