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Old 11-16-2016 | 07:13 AM
  #8323  
Ray Red
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Joined: Jun 2014
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Originally Posted by stillcantfly
After the 25% federal tax and ALPA 1.9% tax, medical, SOC you take home about 45-60% of it after taxes depending on state you live in so $23,000 bonus comes out to roughly $11,000-$13,000 a year take home you can plan on living on throughout the year. Once you get the tax return it's different story I get it. But you're still only able to live throughout the year on half of it. Because the government puts it in a interest free savings account for you......bless their hearts! So $33,000 was the number some one used previous to me so I continued to use it but after the math at 75 hour guarantee plus bonus it's close to $40,000 without subtracting taxes from your regular paycheck. Also doesn't include the new hire $10,000 so you can plan on taking around 5-$6000 of that home after taxes. So simple math, all said in done $27,000 year minus taxes roughly $24,000 take home. $24,000+$12,000(bonus) puts you at $36,000 so I was off by roughly $3000 my apologies. Still pretty hard to live on in NYC with a family and responsibilities. Now add the new hire bonus to ONLY THE NEW GUYS $6000 after taxes puts you at $42,000 hardly sustainable in New York.
You can increase you exemptions and get more money in your paycheck and won't have to wait for tax time to get your money back.
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