3 ms·
People quote pre-tax salaries. The after-tax salary depends not only on the taxing jurisdiction but on the spouse's income if any, since that affects the margin
by Bostonian 5y ago
People quote pre-tax salaries. The after-tax salary depends not only on the taxing jurisdiction but on the spouse's income if any, since that affects the marginal tax bracket.
- watt 5y agoAlso deductions for kids can apply, all kinds of circumstances.
- sampo 5y ago> The after-tax salary depends [...] on the spouse's income This is not true, in some countries. In the US it is true.
- wil421 5y agoAs another commenter pointed out this is a US based site and I would always assume it’s pretax salary. Even the Europeans who mention salaries will usually clarify if it is post tax.
- sampo 5y agoMy comment was about: In some countries your after-tax salary does not depend on your spouse. In those countries, people are taxed as individuals, not as a family unit.
- long_time_gone 5y agoUnless you are married and file taxes separately. Another reason why salaries are referred to in pre-tax terms.