Originally Posted by
El Peso
Okay let’s look at your example here. What happened to being grounded in math and facts? You’re conveniently leaving out the fact that this 34K raise is PRE TAX. Really only about 24K raise. So that leaves about 12K after your 12K rent increase for the rest of the year. Again look at gas prices, utilities, groceries. And let’s say you have a family of four. Again where’s the actual raise?
I hope to be disproven, but to say a 18% raise doesn’t keep pace with inflation is moronic.
We both know we are going to shelter 20,500K in our 401K with about a 25% effective tax rate (Federal only). I’m saying give me the number? We know taxes take a healthy bite, but that is the same for 4/3/3 or 15/5/5.