Originally Posted by
Mitchell Gant
I wish times a 1000! Before Taxes times 100, after taxes and deductions times 65.
might want to check your math. First year pay is $100. 100x100= 10,000. Times 65 is $6,500. I am pretty sure a fist year FO makes more than $6,500 a year. Now if you multiply by 1000 you get a more reasonable number.
Also someone making $100k a year does not have an effective tax rate of 35%.