Re:How Much Is a Fun Job Worth?
by cabacon on Thursday September 13, 2012 @10:02AM
(#4516150)
Yes, yes they do. After you get to deduct your 401(k) contributions, your FSA, your mortgage interest, get deductions for having kids, you don't pay nearly 20-30% of your gross salary in taxes. It's probably closer to 10% when you're at the 100K level, which means you're only nibbling off $3-4,000 of that difference. That leaves about $25K difference per year, or $2K/mo. That's certainly noticeable.
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Re:How Much Is a Fun Job Worth?
by eli_gottlieb on Friday September 14, 2012 @11:21AM
(#4522090)
Ummm... many people don't have those things to deduct. This is actually a fairly good example of how crooked the tax code can be. When I rent, I don't get to deduct any of it.
You can say that owning a house is more socially desirable and thus subsidized, but that's still not really fair to those of us simply too young to have saved a down-payment.