4 ms·
Medical insurance is more like $1,600+/month for a married couple, even more if you have kids. That's ~$20k/year which brings you down to $85k after tax. And d
by Gh0stRAT 7y ago
Medical insurance is more like $1,600+/month for a married couple, even more if you have kids. That's ~$20k/year which brings you down to $85k after tax.
And did you factor-in having to pay both halves of Social Security and Medicare? I believe that's another 15.3% [0]
[0] https://www.google.com/amp/s/turbotax.intuit.com/tax-tips/self-employment-taxes/a-freelancers-guide-to-taxes/amp/L6ACNfKVW https://www.google.com/amp/s/turbotax.intuit.com/tax-tips/se...
- mehrdadn 7y agoI just used this actually; I presume they included both halves of Medicare & Social Security: https://www.irscalculators.com/tax-calculator https://www.irscalculators.com/tax-calculator I was assuming single/young (so low-cost insurance), I wasn't really thinking of family/children but that's a good point!