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1. tibors+(OP)[view] [source] 2023-10-03 14:58:59
At $100k per year many people can probably have whatever they want in life after a few years. Why not pop $17k on a watch? Of course this particular one is a bad choice, but buying a good watch could be considered an investment.

Probably affordable was a bit of a stretch, I meant that it's not out of the question of buying, like a $50k Rolex.

replies(1): >>thfura+Lm
2. thfura+Lm[view] [source] 2023-10-03 16:40:01
>>tibors+(OP)
>(my take home is about 40% of my salary)

Then I'd guess you either don't live in the US or make far more than 100k.

replies(1): >>hiatus+4s
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3. hiatus+4s[view] [source] [discussion] 2023-10-03 17:00:57
>>thfura+Lm
DC takes 8.5% of anything over 60k. That's just one city. You could live in Yonkers and pay through the nose for city and state income taxes. If you have a family and pay for health benefits, that comes out of your paycheck, too. All that is before federal income tax. Some states tax your health benefits as income, too so your state-reported income is higher than your federal.
replies(1): >>thfura+Kt
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4. thfura+Kt[view] [source] [discussion] 2023-10-03 17:08:47
>>hiatus+4s
>DC takes 8.5% of anything over 60k.

And even so, at 100k, the effective tax rate there is under 30%

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