Originally Posted by
chrisreedrules
I’m relatively new here and I think anything short of 30% DOS plus increases over the next few years may as well be not worth talking about. My family’s grocery bill has increased by 30%. Utilities are up about 30-40%. My property taxes have increased. 20% just about gets everyone here close to break even with what their dollar in 2019 could buy. So you figure at 30% DOS you’re looking at a realistic 10-12% raise?
$10,000 signing bonus. That’s nothing. $10,000 is a fart in the wind in today’s market.
Marginal tax brackets have not moved up as fast as inflation, so you are losing out on taxes. Until marginal tax brackets increase to catch up with inflation a 26% raise is only 20% more spendable cash to cover your expenses. *assumes 24% marginal tax bracket