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re: Anybody eat out for lunch every day?
Posted on 4/13/18 at 2:32 pm to Barstools
Posted on 4/13/18 at 2:32 pm to Barstools
quote:
Nope, I'm a CPA. Never heard of those.
So if you make $75/hr You make roughly $150,000/year. That puts your effective tax rate at about 22%. Add in FICA and like I said, around 30% tax rate. 2.5% divided by 70% (1-tax rate) and you get the "real percentage spent. I rounded up to 4%.
This post was edited on 4/13/18 at 2:50 pm
1
Posted on 4/13/18 at 3:18 pm to Mingo Was His NameO
quote:
So roughly 1/8 of your pretax income or 12.5%. After tax closer to 20%. I'd say that's a pretty big deal.
Put down the pipe, baw.
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