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The linked article quotes him: “I’m asking for $100,000 so I can afford my rent”. I take that to mean $100k total, which is $2500 pre-tax. I suspect his effec
by rconti 2y ago
The linked article quotes him: “I’m asking for $100,000 so I can afford my rent”.
I take that to mean $100k total, which is $2500 pre-tax.
I suspect his effective tax rate is significantly below your numbers. 22% may be the marginal federal tax rate on $70k (I didn’t check), but that would probably put his effective federal rate in the low teens.
EDIT: just checked, just below 11% according to this SmartAsset calculator which puts take-home just shy of $54k or $4500 a month. Only if he has ZERO other obligations like child support or student loans.
https://smartasset.com/taxes/income-taxes#DV9x0OBRA9 https://smartasset.com/taxes/income-taxes#DV9x0OBRA9