Where can one make most money in the 3 yers after law school Forum

[unc0mm0n1]

That 96k includes state and city tax.

"Whew". I was thinking for a second you had to pay more than 65k a year in taxes.

[Patriot1208]

That 96k includes state and city tax.

"Whew". I was thinking for a second you had to pay more than 65k a year in taxes.

lol, I posted this in a different thread awhile back assuming 180k total comp in NYC.

Federal Income Tax - 44,517
State Income tax - 13,275
City income tax for a single person - 6,448.40
Social Security Tax - 6,621.50
Medicare Tax - 2610

Total tax = 73,471.90
Post tax income = 106,528.10

Your other post said you paid total rent (including cable and utilities) of around 2300 a month. That means after rent your total income is 78,928.10.

[Renzo]

That 96k includes state and city tax.

"Whew". I was thinking for a second you had to pay more than 65k a year in taxes.

lol, I posted this in a different thread awhile back assuming 180k total comp in NYC.

Federal Income Tax - 44,517
State Income tax - 13,275
City income tax for a single person - 6,448.40
Social Security Tax - 6,621.50
Medicare Tax - 2610

Total tax = 73,471.90
Post tax income = 106,528.10

Your other post said you paid total rent (including cable and utilities) of around 2300 a month. That means after rent your total income is 78,928.10.

That looks about right. Wall street keeps the whole city alive, and one way they do that is very, very high taxes on bankers and lawyers.

[Verity]

You could also commute from Jersey to NYC. I live next to a lawyer who takes the train into Manhattan every day, and he's got an amazing new 5-bedroom house in a beautiful town. You'd be lucky to get a decent 1-bedroom apartment downtown for the same money. It's great, as long as you can get past all of the stupid stereotypes about Jersey (i.e., Jersey Shore, Jerseylicious, RHofNJ, Jersey Couture, Cake Boss...wtf?).