Originally Posted by
TankerDriver
76 hours on short-call at $88 an hour will be somewhere around $5,000 after a 25% tax deduction. It may go south from there after medical, union and other dues. It may go north of that after per diem and open time. Imagine what it used to be like at $30 an hour.
A new hire won’t pay anywhere near 25% under the new rates and with the standard deduction (unless you live in CA,NJ, or NY).
Edit: just did some back of the napkin math for married working 76 hours a month with standard deduction. You’d pay about 9% federal plus fica hi & lo (total 7.65%) plus state (if applicable).
Yeah, I made $40 an hour my first year (2014). I cut everything to the bone, didn’t even buy coffee for the entire year. Luckily I had a military gig to help mitigate it, so I can’t complain. It was well worth the jump....