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Old 09-08-2007, 01:21 AM   #19
bluedevilmike
Senior Member
 
Join Date: Feb 2006
Posts: 9,587
"Don't post if you don't know what you're talking about" was a rather rude thing to say.

First, $150K is precisely the right salary to be using based on the citations and discussion above.

Second, national income taxes are around 35%. Payroll taxes are 13.6%. State income taxes in, say, California are 10%. City and county taxes, property taxes, sales taxes, gasoline taxes, car taxes, and in some cases capital gains taxes continue to erode this. 57% taxes seems like an underestimate to me. Now consider malpractice insurance.

Want to do the math? Be my guest.
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