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enron_by_the_sea
ParticipantI think that the most obviously overestimated thing in this calculation is taxes!!!
By my calculations, a renter family of 3 making 100K, contributing to 401K etc. will pay about 18500 USD in total taxes (Fed+CA+FICA+Med). (Not $25400 as suggested in the post.) That is about 7000 USD difference in take home pay which could influence rent/buy decisions.
Why? Because there is standard deduction, exemptions, child tax credit etc. in the tax code; so you almost need to fill out your tax form to find out how much the tax owed is. I have one excel spreadsheet that I optimized for my situation for this purpose.
Does anyone that fits the above situation, share with us if their taxes are closer to 18K or 25K? I wanted to see if there is any error in my spreadsheet.
enron_by_the_sea
ParticipantI think that the most obviously overestimated thing in this calculation is taxes!!!
By my calculations, a renter family of 3 making 100K, contributing to 401K etc. will pay about 18500 USD in total taxes (Fed+CA+FICA+Med). (Not $25400 as suggested in the post.) That is about 7000 USD difference in take home pay which could influence rent/buy decisions.
Why? Because there is standard deduction, exemptions, child tax credit etc. in the tax code; so you almost need to fill out your tax form to find out how much the tax owed is. I have one excel spreadsheet that I optimized for my situation for this purpose.
Does anyone that fits the above situation, share with us if their taxes are closer to 18K or 25K? I wanted to see if there is any error in my spreadsheet.
April 16, 2008 at 10:10 PM in reply to: anyone used San Diego County Credit Union home loan? #188803enron_by_the_sea
ParticipantI used them and very happy so far….
You may also want to check ingdirect. I heard good things about them and their rates are very close to SDCCU. (Until a year or so ago they were lower than SDCCU.)
April 16, 2008 at 10:10 PM in reply to: anyone used San Diego County Credit Union home loan? #188824enron_by_the_sea
ParticipantI used them and very happy so far….
You may also want to check ingdirect. I heard good things about them and their rates are very close to SDCCU. (Until a year or so ago they were lower than SDCCU.)
April 16, 2008 at 10:10 PM in reply to: anyone used San Diego County Credit Union home loan? #188855enron_by_the_sea
ParticipantI used them and very happy so far….
You may also want to check ingdirect. I heard good things about them and their rates are very close to SDCCU. (Until a year or so ago they were lower than SDCCU.)
April 16, 2008 at 10:10 PM in reply to: anyone used San Diego County Credit Union home loan? #188865enron_by_the_sea
ParticipantI used them and very happy so far….
You may also want to check ingdirect. I heard good things about them and their rates are very close to SDCCU. (Until a year or so ago they were lower than SDCCU.)
April 16, 2008 at 10:10 PM in reply to: anyone used San Diego County Credit Union home loan? #188872enron_by_the_sea
ParticipantI used them and very happy so far….
You may also want to check ingdirect. I heard good things about them and their rates are very close to SDCCU. (Until a year or so ago they were lower than SDCCU.)
enron_by_the_sea
ParticipantHave you checked out rates with San Diego county credit union or ING direct?
enron_by_the_sea
ParticipantHave you checked out rates with San Diego county credit union or ING direct?
enron_by_the_sea
ParticipantHave you checked out rates with San Diego county credit union or ING direct?
enron_by_the_sea
ParticipantHave you checked out rates with San Diego county credit union or ING direct?
enron_by_the_sea
ParticipantHave you checked out rates with San Diego county credit union or ING direct?
enron_by_the_sea
ParticipantIt is not really a new news. Back in 2006, Paul Jacobs, in an interview with Financial Times, hinted at exactly this. (Of course no details about unvested options)
http://www.ft.com/cms/s/3636c0f8-f968-11da-8ced-0000779e2340.html
His words
” So I want to keep the company together. We considered restructuring the company to protect the licensing business. If it comes down to that and that’s the best way to enhance shareholder value then that’s what we’re going to do. But we expect that we’re going to be able to keep the company together.”
enron_by_the_sea
ParticipantIt is not really a new news. Back in 2006, Paul Jacobs, in an interview with Financial Times, hinted at exactly this. (Of course no details about unvested options)
http://www.ft.com/cms/s/3636c0f8-f968-11da-8ced-0000779e2340.html
His words
” So I want to keep the company together. We considered restructuring the company to protect the licensing business. If it comes down to that and that’s the best way to enhance shareholder value then that’s what we’re going to do. But we expect that we’re going to be able to keep the company together.”
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