Ask YC: What are starting salaries for CS grads this year?

Re:Ask YC: What are starting salaries for CS grads this year? by skavish on Thursday May 01, 2008 @02:46PM (#178762)

for a salary of $40K the taxes would be around 20-30% in the US depending on your family situation

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Re:Ask YC: What are starting salaries for CS grads this year? by jon_dahl on Thursday May 01, 2008 @03:38PM (#178838)

Total taxes in the US on a $40K salary for a single person with no other income and no other deductions: about $4,200 (10.5%). The marginal tax rate is higher, of course, and state taxes will add a little, but not too much.

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Re:Ask YC: What are starting salaries for CS grads this year? by cellis on Thursday May 01, 2008 @08:07PM (#179110)

haha I actually make 40K... i think its significantly higher than that. All told I think i'll be paying around 12K. (MI.)

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Re:Ask YC: What are starting salaries for CS grads this year? by mattmaroon on Thursday May 01, 2008 @10:32PM (#179182)

If you only make $40k and are paying 30% in taxes, you're doing something very wrong.

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Re:Ask YC: What are starting salaries for CS grads this year? by cellis on Friday May 02, 2008 @02:01AM (#179264)

You are right. It was quite an exaggeration on my part. Its more like 21.5%.

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Re:Ask YC: What are starting salaries for CS grads this year? by mattmaroon on Saturday May 03, 2008 @03:09AM (#180164)

I've payed less than that in income tax on income much greater than that. Legally, that is. According to H&R's calculator, you should be paying under $5k, and thats with no dependents or other similar deductions.

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