Greater Seattle living
11-22-2019 | 09:44 AM
#31
Gets Weekends Off
Joined: Feb 2019
Posts: 145
Likes: 0
11-22-2019 | 10:26 AM
#32
Perennial Reserve
Joined: Jan 2018
Posts: 14,178
Likes: 237
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.
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.
Last edited by Excargodog; 11-22-2019 at 10:43 AM.
11-23-2019 | 08:34 AM
#34
Gets Weekends Off
Joined: Aug 2012
Posts: 456
Likes: 0
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.
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.
11-23-2019 | 02:32 PM
#35
Perennial Reserve
Joined: Jan 2018
Posts: 14,178
Likes: 237
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.
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
11-23-2019 | 05:13 PM
#36
Gets Weekends Off
Joined: Oct 2015
Posts: 191
Likes: 0
From: Armchair Capt
Yes, VEERRRY expensive; unless you're double dipping ex military, forget Edmonds and Mukilteo.
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.
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.
11-23-2019 | 08:21 PM
#37
Gets Weekends Off
Joined: Aug 2012
Posts: 456
Likes: 0
11-27-2019 | 02:23 PM
#39
Perennial Reserve
Joined: Jan 2018
Posts: 14,178
Likes: 237
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.
11-28-2019 | 07:37 AM
#40
Line Holder
Joined: Dec 2007
Posts: 34
Likes: 0
From: 737 Captain
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