4 ms·
60K is what, around $3500/month after taxes. If you live in NYC or SF, that's not a lot. Barely enough to get a small apartment, food, and go out once in a whil
by rorrr 15y ago
60K is what, around $3500/month after taxes. If you live in NYC or SF, that's not a lot. Barely enough to get a small apartment, food, and go out once in a while, and save a little.
- Drbble 15y agoMore like $5000. 30% effective income tax kicks in around $150k annual salary. Still, your point holds. Not retiring or having a very healthy and actualized child or three on that salary.
- kingnothing 15y ago$5,000 * 12 = $60,000. I don't think the OP's suggestion of $42,000 a year, take-home, was too far off assuming a marginal tax rate of 25%.