What is the effective tax rate for associates at 175 in nyc?
Self calc’d a ~120 take home
Grok calc’d a~100 take home
Unsure if the calculators online factor city/local taxes
Essentially what are associated with 1s take home per paycheck?
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Based on the most helpful WSO content, here's a breakdown of effective tax rates and take-home pay for associates in NYC earning $175K:
Effective Tax Rate:
This results in a net tax rate of approximately 40%, give or take a few percentage points.
Take-Home Pay:
Online Calculators:
Let me know if you'd like further clarification!
Sources: Effective Tax Rate in NYC, Millionaire by 30, Millionaire by 30, I cant save money, Tax rates for 2020 NYC IB Analyst at 44%??
If grok is correct then NYC is hell lol
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