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DC Income After Taxes?
Posted: Fri Oct 07, 2011 10:08 pm
by Anonymous User
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?
Re: DC Income After Taxes?
Posted: Fri Oct 07, 2011 10:27 pm
by Anonymous User
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.
Re: DC Income After Taxes?
Posted: Sat Oct 08, 2011 2:45 am
by DallasCowboy
I thought you deduct "state" tax from federal income
Re: DC Income After Taxes?
Posted: Sat Oct 08, 2011 7:48 am
by Anonymous User
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.