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No, if they were making $100K, then taxes and witholding, etc. will leave them with roughly 65% of their gross. So they'd actually be taking home closer to $54
by binarycrusader 13y ago
No, if they were making $100K, then taxes and witholding, etc. will leave them with roughly 65% of their gross.
So they'd actually be taking home closer to $5416 per month.
Still "sad" (given that average rental rate on a two-bedroom apartments is $2K+ per month in the general bay area), but not quite as much.
- HerraBRE 13y agoWe will be doing this legally, which means paying ourselves salaries and paying taxes etc. etc.
- binarycrusader 13y agoI wasn't implying otherwise; and the figure I provided is what a typical employee should see in the San Francisco Bay Area. I was just saying that the figures others were reporting were overly pessimistic.