NY Biglaw Question - Post-Tax Income

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NY Biglaw Question - Post-Tax Income

Postby Anonymous User » Tue Feb 10, 2015 7:42 pm

What is your take home for the year after taxes?

Assume that you're living in Manhattan. Just trying to figure out a budget as a first-year associate.

Anonymous User
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Re: NY Biglaw Question - Post-Tax Income

Postby Anonymous User » Tue Feb 10, 2015 7:48 pm

Anonymous User wrote:What is your take home for the year after taxes?

Assume that you're living in Manhattan. Just trying to figure out a budget as a first-year associate.

somewhere b/w 90 and 100. how you're paying off your loans would impact returns. first yr may be slightly less as bar course payments and such are a form of income.

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Re: NY Biglaw Question - Post-Tax Income

Postby Anonymous User » Tue Feb 10, 2015 7:51 pm

Anonymous User wrote:
Anonymous User wrote:What is your take home for the year after taxes?

Assume that you're living in Manhattan. Just trying to figure out a budget as a first-year associate.

somewhere b/w 90 and 100. how you're paying off your loans would impact returns. first yr may be slightly less as bar course payments and such are a form of income.


Same range for me. Though how far that $$ goes varies wildly. For example, someone who lives in Jersey City (meaning no NYC local tax, which is close to 7K for a 1st year), and who has only a small amount of loans can save a bunch, and live well. But if you live in a pricey area of Manhattan and have well into 6 figures of debt, that $$ doesn't go too far.




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