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1st job ? on taxes and annual salary

dillow 20 June 20, 2012 at 11:17 PM
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I start next month
how much is $60,000/annual salary after taxes?

36 Comments

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#16
Quote from dillow View Post :
Since I'll be doing consulting I believe my tax would be different
I think I'll just ask HR
This is something that would have been helpful to post sooner Wink

Are you employed by the company? Is it a "temporary" consulting job, where they treat you as self-employed? Self-employed means you'll take home a lot less, indeed

Quote from skate876 View Post :
As a entry level employee $60,000/annual salary after taxes is quite reasonable.Let's see how it boost up with the experience grow.
Seems to be 60k salary before taxes.
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#17
Quote from mmathis View Post :
Seems to be 60k salary before taxes.
Depending on the field and education background, entry level 60k salary before taxes can still be good...
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#18
Quote from mmathis View Post :
This is something that would have been helpful to post sooner Wink

Are you employed by the company? Is it a "temporary" consulting job, where they treat you as self-employed? Self-employed means you'll take home a lot less, indeed



Seems to be 60k salary before taxes.
Yes and it depends Smilie
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#19
Quote from dillow View Post :
appreciate all the suggestions guys....$60,000 seems pretty low Frown
what kind of degrees or experiences do you have?
$60K for a first job seems pretty high. Unless you're a professional athlete or living in NYC.

Set aside most of your income in a 401k account until you can qualify for a significant deductions, family, house, etc. Unfortunately our tax system is a complicated game, you must be really good at it or you'll pay more than you have to.
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#20
Quote from shop77 View Post :
what kind of degrees or experiences do you have?
$60K for a first job seems pretty high. Unless you're a professional athlete or living in NYC.
I never thought $60k was high. $60k is about the average for my degree(Electrical Engineering) in my area. I think I would be happy with $60k when I graduate in the spring since I'm coming from a $23k part-time job.
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#21
70% might be a little low ?
My base salary is higher then the OP, and after accounting for 4% into my 401K, my take home comes to 76.7% base salary after taxes and insurance.
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#22
This thread is depressing Sadwalk I hate taxes
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#23
Quote from okashira View Post :
70% might be a little low ?
My base salary is higher then the OP, and after accounting for 4% into my 401K, my take home comes to 76.7% base salary after taxes and insurance.
Depends on filing status. Married vs single etc.
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#24
Quote from shop77 View Post :
what kind of degrees or experiences do you have?
$60K for a first job seems pretty high. Unless you're a professional athlete or living in NYC.

Set aside most of your income in a 401k account until you can qualify for a significant deductions, family, house, etc. Unfortunately our tax system is a complicated game, you must be really good at it or you'll pay more than you have to.
Systems Analyst For Oracle ERP
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#25
Quote from Sagi View Post :
Depends on your state... I use this .. it's pretty accurate

http://www.paycheckcity.com/coint...ulator.asp


Great site!
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#26
Quote from dillow View Post :
I start next month
how much is $60,000/annual salary after taxes?



It depends on so many things.

Some people make more then you and pay nothing!

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#27
Quote from 1stbuy View Post :
This thread is depressing Sadwalk I hate taxes
Think your depressed, I can't find a job. Now thats depressing
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#28
Quote from skate876 View Post :
As a entry level employee $60,000/annual salary after taxes is quite reasonable.Let's see how it boost up with the experience grow.
The only entry positions that pull this much with a bachelor degree is like CS major in NCal and financial consulting positions.

80k that's pretty high imo.
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#29
I just got my masters a little over 2 months ago and my GPA was a 3.6, I got a job a few weeks back making 49k, I live in NY, I guess I am a loser.

Quote from mikve View Post :


It depends on so many things.

Some people make more then you and pay nothing!

Next year Mitt the shit romney will be making 25 mil and he will pay 2%.
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#30
AvidBuyer -

Do you have an idea of why their taxes are low? People get all pissy about this but they don't understand why.

Also what was your Master's in? 49K in NY is pretty low (if you are in the city it is extremely low).
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