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re: Jobs that you can realistically expect to earn $300k+ a year

Posted on 12/27/23 at 1:42 pm to
Posted by XenScott
Pensacola
Member since Oct 2016
3188 posts
Posted on 12/27/23 at 1:42 pm to
quote:

Director level and above at just about any major company can clear this all in for most “critical” functions. Problem is, even at 300, you’re getting your arse taxed so much and housing has gone up so much it’s really what everyone thinks is 150-200k. Need to get to a half mil/year to really feel “different” from 6 figures these days.


The 35 and 37% brackets chews $500K up pretty quick. It sucks and not even 7 figure people should have to pay this much. It’s ridiculous.
Posted by lynxcat
Member since Jan 2008
24240 posts
Posted on 12/27/23 at 2:48 pm to
quote:

The 35 and 37% brackets chews $500K up pretty quick. It sucks and not even 7 figure people should have to pay this much. It’s ridiculous.


Just emphasizes need for utilizing all pre tax contributions. It also helps if it’s dual income versus single earner.

Max 401K is $48K
HSA is $3700
FSA for childcare is $5K

While only a dent, it does save at the marginal rate and helps blend the effective tax rate down into the high 20s.

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