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Originally Posted by ChitownMacTech
Isn't $30,000 gross in NYC like "below" poverty level (it's about $14.25 an hour though)?
Payroll tax is about 34%, so 30k gross is about $19,800 take home.
I know, in Chicago at least, that means you have "roommates" and don't "own" where you live and will spend at least 5 years paying off your $10,000 car.
I'm under the impression though that anything less than $50,000 in NYC ain't gonna cut it?
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Take home is going to be even less than that cause there is a NYC payroll tax just for living in the city. I think it runs around 5%.