|
Originally Posted by LumberJack
(Post 2928398)
That's not how income tax works.
Those are buckets. I'm not sure what income assumptions are being used but I found a tax calculator and the effective income tax rate for 250k is 8.04% in California. |
Originally Posted by LumberJack
(Post 2928398)
That's not how income tax works.
Those are buckets. If you want to count coup on me for the $165, so be it. If you are an eight year captain and don’t have investments bringing in $56k a year (basically about $700k in a stock portfolio) you haven’t been saving enough. And if you don’t have $1 million in investments when you top out at 12 years, and are making $266k in salary, you are seriously delinquent in your financial planning. So yeah, by the time your career peaks, it will be every bit of $25k a year. |
Damn that's a lot of investment income. *Golf claps*
|
Originally Posted by Excargodog
(Post 2928474)
If you are a captain making $300k a year (8-year 244 k salary plus $56k from non tax-deferred investments) you have an effective California income tax rate of 8.28% and a tax bill of $24,835.
If you want to count coup on me for the $165, so be it. If you are an eight year captain and don’t have investments bringing in $56k a year (basically about $700k in a stock portfolio) you haven’t been saving enough. And if you don’t have $1 million in investments when you top out at 12 years, and are making $266k in salary, you are seriously delinquent in your financial planning. So yeah, by the time your career peaks, it will be every bit of $25k a year. |
Originally Posted by Galaxy5
(Post 2928911)
And the 1% CASDI, not sure if Washington has a similar tax.
California. The State Disability Insurance (SDI) taxable wage base is $118,371 in 2019, an increase from $114,967 in 2018. The employee contribution rate, which includes Paid Family Leave, will remain at 1% in 2019. The 2019 maximum weekly benefit of $1,252 has increased from the 2018 maximum of $1,216 |
Originally Posted by 20Fathoms
(Post 2924747)
I second Mukilteo in the north end. That or Mill Creek or Edmonds...
IMHO - even though born and raised in Seattle - forget it, and live in SoCal; you can rent as cheaply and at least the weather's decent. |
Originally Posted by Excargodog
(Post 2929047)
Nope. The “c” in CASDI is for California.
Only five states plus Puerto Rico have that and only Rhode Island (at 1.1% employee ‘contribution’) taxes at a higher rate. |
Federal Way
Looking to move to Seattle as well. Looking at the Federal Way area. Nice and close to SEATAC!! No kids. Thoughts overall on the area?
|
Originally Posted by Bodyshopdave
(Post 2930825)
Looking to move to Seattle as well. Looking at the Federal Way area. Nice and close to SEATAC!! No kids. Thoughts overall on the area?
If this is your forever home though you might look at the Brown’s Point area though. The Ruston area in Tacoma has some nice areas too if you want a view. |
Originally Posted by bright yellow
(Post 2908584)
Where is a good area to live in the Greater Seattle? In terms of good school district, low crime, etc.
Thanks |
| All times are GMT -8. The time now is 02:08 AM. |
Website Copyright © 2026 MH Sub I, LLC dba Internet Brands