4 ms·

To me it's worth $30-40k per annum. That's approximately the pay cut I took to run my own business. I get to spend more time with my wife, and work on things I

• kayoone 14y ago
  Sounds like alot, but then again its totally different when you take a 40k cut from 150k then it is from 70k ;) But sharing the percentage now after the absolute number wouldnt make much sense if you want to keep it secret ;)
  • andrewfelix 14y ago
    $100k -> $60-70k It's a lot. I live very differently now.
    • kzahel 14y ago
      after taxes I think both those numbers turn out to feel not all that different!
      • cabacon 14y ago
        Yes, yes they do. After you get to deduct your 401(k) contributions, your FSA, your mortgage interest, get deductions for having kids, you don't pay nearly 20-30% of your gross salary in taxes. It's probably closer to 10% when you're at the 100K level, which means you're only nibbling off $3-4,000 of that difference. That leaves about $25K difference per year, or $2K/mo. That's certainly noticeable.
        • eli_gottlieb 14y ago
          Ummm... many people don't have those things to deduct. This is actually a fairly good example of how crooked the tax code can be. When I rent, I don't get to deduct any of it. You can say that owning a house is more socially desirable and thus subsidized, but that's still not really fair to those of us simply too young to have saved a down-payment.
      • andrewfelix 14y ago
        I live in Australia. I get taxed 22% - 30% plus 9% for superannuation contributions. Not a huge difference in tax for both those tax brackets.
    • eickegao 14y ago
      agree
• keithnoizu 14y ago
  I agree I just put in notice at microsoft to do the same. I'll be making around 30-40k less from my current low six figure base salary. 40-55k if you take into account bonuses & stock.