3 ms·
$300000 feels like $100000 in SF, NY and Honululu
- diabolique_2 4y ago[flagged]
- thfuran 4y ago>300,000 to bring home $100,000 after taxes and adjustments for the cost of living. I can't read the whole article, but I suspect the last bit of that sentence is doing a lot of work, though there is a difference in effective tax rate. I don't earn a lot more than $100,000 but I also bought a 1,700 sqft house ten minutes from work (not that that matters quite as much these days) for well under $200k. $300k in SF "feeling like" 100k here might even be overly generous to SF.
- kritiko 4y agowhere do you live?
- 082349872349872 4y agoTop US brackets were once 70%, and there are people alive who remember 91%. (and that's just an income tax; as the US does not levy a general wealth tax, its current effective top bracket is 0 per mille)
- willcipriano 4y agoWhat were the effective rates?
- 082349872349872 4y agoWe'd have to combine it either with some sort of inflation model or with historical income distributions if we wanted to compare with current values, but: https://taxfoundation.org/historical-income-tax-rates-brackets/ https://taxfoundation.org/historical-income-tax-rates-bracke... should enable a calculation of effective rates given any particular set of (taxable) incomes.
- PopAlongKid 4y agoPreviously posted, with 7 comments including link to archived version. I don't understand why it was marked "dead". https://news.ycombinator.com/item?id=35580850 https://news.ycombinator.com/item?id=35580850