DC Income After Taxes? Forum

(On Campus Interviews, Summer Associate positions, Firm Reviews, Tips, ...)
Forum rules
Anonymous Posting

Anonymous posting is only appropriate when you are revealing sensitive employment related information about a firm, job, etc. You may anonymously respond on topic to these threads. Unacceptable uses include: harassing another user, joking around, testing the feature, or other things that are more appropriate in the lounge.

Failure to follow these rules will get you outed, warned, or banned.
Post Reply Post Anonymous Reply  
Anonymous User
Posts: 428417
Joined: Tue Aug 11, 2009 9:32 am

DC Income After Taxes?

Post by Anonymous User » Fri Oct 07, 2011 10:08 pm

There are a zillion threads on this about NY, can someone please tell me how much one takes home in DC after tax? Online calculators have lead me to this conclusion:

DC $160K after taxes = (about) $100,880
NY $160K after taxes = (about) $96,460

Is this about right?
Top
Anonymous User
Posts: 428417
Joined: Tue Aug 11, 2009 9:32 am

Re: DC Income After Taxes?

Post by Anonymous User » Fri Oct 07, 2011 10:27 pm

DC: 160,000 - 38 417 (Federal) - 12060 (DC) - 10000 (SS) = $99,523

DC top rate is $2,200 + 8.5% for any amount over $40,000 with a deduction of $4,000 if you're single. So 2200+ (116,000 * .085) = 12060.
Top
User avatar
DallasCowboy

Silver
Posts: 650
Joined: Thu Oct 22, 2009 9:47 am

Re: DC Income After Taxes?

Post by DallasCowboy » Sat Oct 08, 2011 2:45 am

I thought you deduct "state" tax from federal income
Top
Anonymous User
Posts: 428417
Joined: Tue Aug 11, 2009 9:32 am

Re: DC Income After Taxes?

Post by Anonymous User » Sat Oct 08, 2011 7:48 am

Many Biglaw-bound, math-troubled TLSers that are GOP or independent are hoping Herman Cain gets elected and can convince Congress of his 9-9-9 plan.
Top

Want to continue reading?

Register now to search topics and post comments!

Absolutely FREE!

Post Reply Post Anonymous Reply  

Return to “Legal Employment”