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: 6 months 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: 10 months 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: 11 months ago
Net (w/taxes etc): $70,000 (per SmartAsset.com) breaks down to $5,000/month net ($2,500 bi-weekly). Source: 12 months 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: almost 1 year ago
Monthly net pay: $7400 (from smartasset.com. I haven't gotten my first paycheck yet). Source: about 1 year ago
I've been using paycheck calculators like ones on smartasset.com ever since I've worked and played around with it to see how much I'd have left over after insurance/taxes/401k contributions/post-tax savings and so on. It's generally pretty accurate. Source: about 1 year ago
Yearly income: $120k plus about $24.5k in income at the end of the year. Based on $120k a year: $91,293 net and will be $85,365 net after 6.5% 401k Trad contribution (according to smartasset.com). Source: over 1 year ago
RI hasn't received high rankings in the press as a place to retire, but speaking as someone who left RI in 1983 after college for CA and then TX, I'm getting very tired of 100 degree days from May - Sep, killer hurricanes and floods on the Gulf Coast, and Red State politics. Yes, I know about the RI weather from experience, smartasset.com informs me about the taxes, and I see the real estate prices on Zillow. Source: over 1 year ago
Run your own pay through an estimator like the one at smartasset.com to see how you could change your paycheck based on various inputs. Source: over 1 year ago
I hope this helps, I only have all 4 of those categories because https://smartasset.com/taxes/paycheck-calculator has them in their list under FICA lol. For me, unemployment is the only one that pops up as a California resident (0.80%), the rest stay 0%. Not really sure tbh, I'm also ignorant on a lot of tax stuff. Source: over 1 year ago
Withholding is generally in line with what you'll pay in taxes, but in some cases can go overboard. You can try to calculate the difference via the calculators smartasset.com provides, in this case the income tax calculator. But you'll generally be disappointed the difference isn't as big as you hoped. Source: over 1 year ago
u/beachteen and u/Werewolfdad - I tried to calculate the taxes owed on 700k in NY(Ardsley, NY) vs CT(Norwalk, CT), and NY comes out to be higher based on smartasset.com. Source: over 1 year ago
The whole article is an ad for https://smartasset.com/ they link to it multiple times. Source: over 1 year ago
Hey just curious, are you on a bi-weekly payroll? Comparing what you said to smartasset.com and it seems to be in line. But if I switch to semi- monthly then it's about $700 more. Asking as I'm moving to NYC and am crunching numbers out for myself. Thanks!! :). Source: over 1 year ago
According to the same article, which sites this article from smartasset.com, states that in 2021, a vaginal birth cost between 5,000 and 11,000 USD. Source: almost 2 years ago
And then there's cost. According to this article on parents.com (Which has it's own citations), in 2015 giving birth cost on average 4,500 US dollars. (620 hours of minimum wage, 15.5 40-hour work weeks. (4,500/7.25. And 620/40)). According to the same article, which sites this article from smartasset.com states that in 2021, a vaginal birth cost between 5,000 and 11,000 USD, and a C-section birth cost between... Source: almost 2 years ago
I ran your income through smartasset.com. Assuming you contribute about 10% of your total comp to retirement, your remainder take-home is around $100k/yr. Source: about 2 years ago
But then at a hypothetical $75k/yr, Iowa's effective income tax rate of 4.2% vs NY's 5.02% made a difference of several hundred more. (Per a random state & fed tax calculator.). Source: about 2 years ago
Atlanta and Philly have larger Asian pop., but relative to population size, are only 5% or less of the total population. These cities also have higher urban crime rates and poverty rates. When you look at where the Asian pop. Are economically better (ex smartasset.com) The cities don't appear on the top 25. Source: about 2 years ago
- I absoultely do not think the govt is going to only tax me a measly 1k on the 16k savings which will grow by next year lol but rather the opposite. I know I can figure out how much they will tax me via smartasset.com. Source: over 2 years ago
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