Anyone here making around 80k-100k a year, if so how much does taxes take away from your salaries? Im deciding careeras at the moment, and im wonderimg if i should take the easy path a make an easy 80k-100k once i graduate from college, or should i do extra and go into the medical field that'll guarantee me around 200k. Im only asking because i dont wanna end up with only 50k a year because the government wants the greedy.
Pic unrelated
Sorry for the typos, fuck my keyboard
>>29865949
varies by state and municipality, plug yours into www.paycheckcity.com to check - that site is pretty accurate (like $15 difference between it and my actual paystub)
>>29865949
I'm forgetting the word but portions of your income are taxed at different amounts.
Ex: Say you make 200,000$ and the brackets are
0- 50,000 10%
50,000 - 100,000 15%
100,000-150,000 25%
150,000-200,000 35%
you would be taxed $5,000+$7,500+$12,500+$17,500 = $42,500
Not $70,000.
>>29866142
... and to answer your question quickly, $95k/year leaves me with ~$5100/mo after all taxes, all insurance, and 401k contribution
>>29865949
Taxes are the least of your worries when it comes to career pathing OP.
But >>29866163
is right about how progressive taxation works.
There are things that you can "deduct" against your income as well, like mortgage interest.
>>29865949
>only 50k a year
50k gross is higher than the majority of people make in the US...50k net is more than probably 80% make. foh with your "only"
Also you sound like you aren't capable of researching basic knowledge like how income is taxed, so good luck getting through med school.
>>29866323
It just depends on anons field. 50k for software engineering is low-end to average starting salary, depending in where you live.
