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Help me out on finances
Posted on 11/29/17 at 9:46 am
Posted on 11/29/17 at 9:46 am
This is just my thoughts. How much of a persons salary gets taken in taxes? A person makes 5 million a year, 35% tax bracket (-1.750mil).
Net of 3.250mil.
That’s a cool 62,500 A WEEK!! That’s a lot of cheese.
Net of 3.250mil.
That’s a cool 62,500 A WEEK!! That’s a lot of cheese.
Posted on 11/29/17 at 9:48 am to Bbobalou
5 million a year is not in 35% bracket
Posted on 11/29/17 at 9:50 am to Bbobalou
They would be in the 39.6% bracket and your marginal rate is not your effective rate.
Posted on 11/29/17 at 9:50 am to Old Sarge
That’s why I said help me out.
Posted on 11/29/17 at 9:55 am to Bbobalou
Remeber this when you drop your opener next season.
Posted on 11/29/17 at 9:56 am to Weagle25
Perhaps I should ask it this way. How much would you estimate a person making 5 mil a year actually brings home?
Posted on 11/29/17 at 10:01 am to Bbobalou
Sure, just give us some data on all the deductions your eligible for and we can calculate your effective tax rate.
Also state of domicile
Or just frick yourself
Also state of domicile
Or just frick yourself
Posted on 11/29/17 at 10:01 am to Old Sarge
200,000 a month roughly. To put up with boosters and tRant tards. Not enough.
Posted on 11/29/17 at 10:01 am to TigerTalker16
quote:
Let me ask my maid
Well played Sir, well played!
Posted on 11/29/17 at 10:03 am to Senior Sidewalker
Jeez bro. Just an approximation is all I was asking.
Sarge tossed out a number without being a douche.
Sarge tossed out a number without being a douche.
This post was edited on 11/29/17 at 10:04 am
Posted on 11/29/17 at 10:04 am to Bbobalou
Take this time to teach yourself how tax brackets work. It will be a very valuable lesson. Pretty good considering the timing of Tax Reform in the news as well
Posted on 11/29/17 at 10:06 am to Bbobalou
A lot of it could be deferred
Posted on 11/29/17 at 10:07 am to Bbobalou
Right around 2 million in taxes if you make 5 million are single and have no other deductions
This post was edited on 11/29/17 at 10:09 am
Posted on 11/29/17 at 10:17 am to Bbobalou
If you're talking about Mullen...no state income tax in Florida.
Posted on 11/29/17 at 10:18 am to Bbobalou
A lot of these coaches are paid through their own LLCs, which I would imagine there are deductions there (somehow). And how has no one mentioned state taxes??
So to answer your question, I would say it varies greatly - maybe +-10% from the average
So to answer your question, I would say it varies greatly - maybe +-10% from the average
Posted on 11/29/17 at 10:19 am to BamaGradinTn
quote:
no state income tax in Florida.
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