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I generally assume that 40% of my paycheck will go to taxes and savings. That’s not quite correct, but it’s a good first order of magnitude estimate.
by ashtonkem 7y ago
I generally assume that 40% of my paycheck will go to taxes and savings. That’s not quite correct, but it’s a good first order of magnitude estimate.
- ccktlmazeltov 7y agoand savings?
- ashtonkem 7y agoThat includes anything that’s pre-paycheck, which would include 401k and HSA in my case, but would exclude post-tax savings (I was imprecise in my original comment). Again, this is a rough rule that’ll typically be personally conservative, not a precise calculation.