Home › Forums › Other › Making $275K as a dentist, $400K owed in Federal Student Loans, $120K behind on Taxes › no_such_reality wrote:spdrun
[quote=no_such_reality][quote=spdrun]$275k less 50% for taxes = $137.5k/yr = $11.5k/mo
$11.5k/mo – $3k (loan) – $6k (back tax) = $2.5k/mo
Looks a bit less good, no?[/quote]
OMG, he needs a pay raise![/quote]
That is so far from reality it isnt even funny.
I don‘t know a single professional that has to pay that type of rate on taxes. For something more reality based, divide above estimate by about half.
As for the above rate, thats the rate used to gain sympathy when the help is requesting a raise.
