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Oct 27, 2021
8:48
:16
am
ReyOso
Intervention Needed
Some are the same anywhere, but city income taxes are different, and suck.
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ReyOso
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ReyOso
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Aug 30, 2019
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Jan 30, 2022
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Messages
Author
Time
I'm someone living in SF on a similar income to the article.
ReyOso
10/27/21 8:38am
But isn’t Utah a little less expensive than SF?
blueaussie
10/27/21 8:41am
This is the article about budgeting in a city.
ReyOso
10/27/21 8:43am
Oh gotcha. I thought you were referring to the one about the real housewives.
blueaussie
10/27/21 8:48am
Sorry, I linked to the wrong post.
ReyOso
10/27/21 8:56am
One thing I've seen in a lot of city dwellers. . .
ReyOso
10/27/21 8:42am
K
eysikal
10/27/21 8:42am
it's worth mentioning your tax, tithing, and other charitable contributions too.
HarlemCoug
10/27/21 8:45am
Some are the same anywhere, but city income taxes are different, and suck.
ReyOso
10/27/21 8:48am
If you're making 400k a year-ish I'm wondering why you don't buy a house
Heath Squashwell
10/27/21 8:48am
often in big cities, to own you're paying significantly more per month. There have been times in NYC where a $5k rental
HarlemCoug
10/27/21 8:54am
With 300K down, 6K/month on a 1.3M loan + ~1500 a month in property taxes.
ReyOso
10/27/21 8:55am
worth mentioning that one of the reasons owning is so expensive in these major cities is that foreign capital drives up
HarlemCoug
10/27/21 9:00am
This picture of life in Spanish Fork is different from what I expected.
Florwood
10/27/21 8:48am
You seen those prices at Swig?
stenso
10/27/21 9:18am
I always like to hear about people’s passive income… what investments are you
kotacoug
10/27/21 9:00am
That confirms that city life is not for me but congrats for making it work for
cougfanz
10/27/21 9:16am
I'm enjoying it now, but this isn't a permanent thing, either.
ReyOso
10/27/21 9:20am
Here's a big way $400K in SF isn't rich
DrYfire
10/27/21 9:29am
63%? Crazy
TNT
10/27/21 9:32am
That's not correct. The marginal federal rate is 32% and that won't be the
Coach's Dad
10/27/21 9:37am
agreed... add 10% tithing and it means a take home of about $190k on $400k of gross earnings.
HarlemCoug
10/27/21 9:59am
It was a bit of an oversimplification. You are correct about federal
DrYfire
10/27/21 10:36am
In my particular case I have no employer but myself.
ReyOso
10/27/21 10:43am
absolutely 15.3% for FICA then.
DrYfire
10/27/21 10:47am
I used to think SS and Medicare would go away by the time I retired.
ReyOso
10/27/21 11:44am
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