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Moving from central Illinois. Got a job offer today for a company in Englewood. First year salary will be 85,000 (73,000+12,000 sign-on). Realistically, after taxes, I've calculated my first year take home to be ~60,000, after which (if no raises or bonuses, only riding my salary) take home will be ~55,000. Not sure on the accuracy of that, just used smartasset.com. Source: almost 3 years ago
That is ordinary income taxes. If it was qualified I’d pay $0 on first $81,000 I make. You can calculate taxes with smartasset.com . Federal taxes are pretty low on mere mortals. The rich really do pay their fair share. Source: about 3 years ago
I use smartasset.com Good tax calculator. Assume $100,000/ yr from JEPI/JEPQ. Married filing jointly I get effective Fed rate of 8.48% with $8481. My state is listed as eff rate of 4.87% or $4868. No FICA of course. Taxes total about 15%. Big deal. Now if you have $300,000 in dividends I would either go with qualified dividends or long term gains rate on selling shares. Source: over 3 years ago
Net (w/taxes etc): $70,000 (per SmartAsset.com) breaks down to $5,000/month net ($2,500 bi-weekly). Source: over 3 years ago
I'm not cherry-picking here. I'm picking out random cities, typing them into smartasset.com, and typing out the results as they come. Source: over 3 years ago
nerdwallet - Quora for Finance
calculator.net - Online calculator for quick calculations, along with a large collection of calculators on math, finance, fitness, and more, each with related in-depth information.
Bankrate - Use our free mortgage calculator to estimate your monthly mortgage payments. Account for interest rates and break down payments in an easy to use amortization schedule.
PaycheckCity - PaycheckCity is an online platform that offers a collection of paycheck calculators to make an employee’s life easier.
ADP - ADP payroll services, HR Solutions, Tax Compliance, and PEO. Get a free ADP payroll quote today. Easy-to-use business solutions for employers of all sizes.
Mint - Free personal finance software to assist you to manage your money, financial planning, and budget planning tools. Achieve your financial goals with Mint.