Research repository ArXiv receives $10M for upgrades

Re:Research repository ArXiv receives $10M for upgrades by ecshafer on Thursday October 19, 2023 @09:16PM (#37951087)

Arxiv is run by Cornell, which is in Ithaca NY. Upstate NY a $500k a year salary would literally buy you a mansion. Ithaca right by the college is pretty expensive by upstate standards because of houses being converted to multi-family units to rent. But Ithaca for $500k is buying you a big house walking distance to downtown, if you go out of the city $500k is buying you a big house with a large amount of land.

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Re:Research repository ArXiv receives $10M for upgrades by dheera on Friday October 20, 2023 @01:02PM (#37958667)

If only you had that $500K ...

But the government will steal $250K of it right off the bat. And then probably another $50K because at least in CA you get double-taxed both when earning and when spending.

You're left with only $200K real dollars.

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Re:Research repository ArXiv receives $10M for upgrades by coding123 on Friday October 20, 2023 @02:26PM (#37959718)

10.25 percent (highest sales tax rate in CA - 1) of 250k is closer to 31.25k. State and fed taxes income taxes are around 45% but I'll grant you there's other hidden fees (social security and others)... luckily hidden fees are now illegal in CA.

[1]: https://www.avalara.com/taxrates/en/state-rates/california.h...

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Re:Research repository ArXiv receives $10M for upgrades by ecshafer on Friday October 20, 2023 @09:53PM (#37963406)

You can easily get a mortgage for 3x income and 4x isn't that hard. So $500k can buy a $1.5m house with no problem. $500k income is easy to buy a house forth $500k cash after a couple years.

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