4 ms·
More 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 chi
by Drbble 15y ago
More 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%.