Re:Redditors earning $100k+ a year, what are your secrets to...
by defen on Friday February 25, 2011 @02:25AM
(#2261384)
You have to factor in taxes also:
186000 SF Income
-46497 federal income tax
- 8170 FICA tax
- 2697 Medicare tax
-15473 California state income tax
-40000 Living expenses
------
73163 Savings
100000 Houston income
-21709 Federal income tax
- 7650 FICA tax
- 1450 Medicare tax
-25000 Living expenses
------
44191 Savings
SF still comes out on top, so I imagine the breakeven point is somewhere closer to 160K in SF.
186000 SF Income -46497 federal income tax - 8170 FICA tax - 2697 Medicare tax -15473 California state income tax -40000 Living expenses ------ 73163 Savings
100000 Houston income -21709 Federal income tax - 7650 FICA tax - 1450 Medicare tax -25000 Living expenses ------ 44191 Savings
SF still comes out on top, so I imagine the breakeven point is somewhere closer to 160K in SF.