$100k pre-tax -> $??k post-tax?

rocketman08
Mon, 25 Aug 2008 02:27:49 +0000

If you expect to be an IB, I would think you could figure out/already know how to compute tax rates.



That’s exactly what I was going to say ;-). Seriously, if you want to be an analyst then you can figure this out yourself quite easily (don’t forget, NYC residents are hit with a ~3% income tax on top of normal federal and state income tax). Also, take home depends a lot on your personal situation… details that only you’ll know.

If you rent then you’re take home will be less than if you own since home owners get a lot of tax breaks that renters do not so that can be a few k fluctuation just for that alone.

Be an analyst… find out the facts and then apply them to your numbers. Oh, and don’t include any bonus as part of your expected salary in your calculations. A bonus should be just that, a bonus… if you get a nice on then great but you need to be able to function financially without it.