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I've never understood why anyone talks about their pre-tax/cost earnings. We should compare the amount that hits our bank account, not the top line item on pays
by HDThoreaun 4y ago
I've never understood why anyone talks about their pre-tax/cost earnings. We should compare the amount that hits our bank account, not the top line item on paystubs, because that's the amount we actually have available to spend.
Not looking at true take home pay is how gig driving companies are able to get drivers even though the pay is absolutely shit after accounting for taxes plus wear and tear/gas costs.
- frumper 4y agoThere are choices we can make that affect the difference between gross and net. How much do you withhold? What level of insurance if you have choices? Retirement contributions? Direct donations? Optional benefits like life insurances, long term disability, AD&D plans. It's much fairer to look at someones gross pay when comparing people. Even if you just deal with tax withholding options, net pay is easily skewed.