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Depends on their spending habits. A friend of mine is a manager at Facebook, pulls down $700K+/yr, and then promptly blows it on the most ridiculously overprice
by m0zg 7y ago
Depends on their spending habits. A friend of mine is a manager at Facebook, pulls down $700K+/yr, and then promptly blows it on the most ridiculously overpriced shit imaginable. Extremely expensive vacations with his wife, $100K+ cars (multiple), fully loaded Mac Pro, etc. I'm pretty sure my net worth is substantially higher than his, even though I make less. Remember as well that if you're not a business owner, there aren't really that many ways to reduce your tax burden, and we have progressive tax, so like 35+% of that money immediately disappears into the gaping maw of the federal and state government, never to be seen again.
- xenihn 7y agoIf this is in CA I would be surprised if he keeps half of that after taxes.