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I’m not sure what sort of accounting tricks you are doing. 40% of gross income becomes 77% of net income given 48% of deductions. 48% of deductions for a grad
by GuiA 7y ago
I’m not sure what sort of accounting tricks you are doing.
40% of gross income becomes 77% of net income given 48% of deductions. 48% of deductions for a grad student making $25k a year would also be insane.
- mrep 7y agoYeah, for a take home income of 2,200 per month in santa cruz, your before tax income would be about 2,666. 1,700 of that is 77% pretax and 64% after tax.