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re: Here's a budget breakdown of a couple that makes $200,000 a year and yet is scraping by
Posted on 10/14/17 at 2:58 pm to yellowfin
Posted on 10/14/17 at 2:58 pm to yellowfin
quote:Not another $8,000 worth to get to their $54,600 number.
Some counties and cities in California also have income tax
They just took 30% of $182,000 to get $54,600.
They don’t even know what effective tax rate means.
1
Posted on 10/14/17 at 3:02 pm to PrimeTime Money
quote:
They don’t even know what effective tax rate means.
The author worked at Goldman Sachs. I think y'all may be picking the post apart a bit too much. It is supposed to be illustrative.
I'm kinda surprised ya'll haven't pointed out he only used whole numbers ending in zero for all his income and expenses.
This post was edited on 10/14/17 at 3:05 pm
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