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A comment on In Santa Cruz, a graduate student strike grows out of a housing crisis. Parent comment

Re:In Santa Cruz, a graduate student strike grows out of a h... by GuiA on Wednesday February 19, 2020 @10:23AM (#22366220)
I’m not sure what sort of accounting tricks you are doing.

40% of gross income becomes 77% of net income given 48% of deductions. 48% of deductions for a grad student making $25k a year would also be insane.

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Re:In Santa Cruz, a graduate student strike grows out of a h... by mrep on Wednesday February 19, 2020 @10:42AM (#22366438)
Yeah, for a take home income of 2,200 per month in santa cruz, your before tax income would be about 2,666. 1,700 of that is 77% pretax and 64% after tax.
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