How Much do you Need to Earn to Afford a Modest Apartment in Your State?

Re:How Much do you Need to Earn to Afford a Modest Apartment... by nofuckingway on Saturday May 30, 2015 @11:48PM (#9632987)

Is $20,000 a hard number. What if you make $20000 this year and would like a raise. That would automatically be detrimental, forcing you to either not take it until that raise is >20% over $20k. Then since is rent money, and you would have to income taxes on this additional money over $20k you would actually need 20% + 15% over 20k just to break even on what you were saving in rent.

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Re:How Much do you Need to Earn to Afford a Modest Apartment... by qmalxp on Sunday May 31, 2015 @12:00AM (#9633005)

Usually with caps like this the break is phased out. So if you make between e.g. $20k and $25k, maybe only x% of your rent is paid for, where x is between 0 and 20.

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