For those of you in NYC, say you make $100,000 total, how much do you take home? Assume federal is 28%, SS and Medicare: 8%, State& city: 10%, that's more than half paid in tax?
Do you get anything back in refund?
Last thing, base salary and bonus are treated the same, correct?
Thanks!
| +156 | Think Twice before Recruiting for HOUSTON IB!! | 65 | 1d |
| +143 | Investment Banks Ranked By Your Divorced Blue Collared Uncle | 14 | 12h |
| +82 | UBS Exits 2026 | 20 | 14m |
| +50 | How cooked am I as an incoming WF IB SA 2027? | 17 | 4d |
| +42 | Congrats on the ROs. I Still Don’t Know Which One You Were | 2 | 15h |
| +40 | Mid-Level UBS Departure for another BB (Grass Isn’t Greener…) | 31 | 2d |
| +36 | IB RO Discussion | 6 | 2d |
| +31 | Did not get a return offer due to headcount, but happy to move on. | 6 | 2d |
| +30 | GS - Low Bonus | 23 | 5h |
| +28 | Early VP promo timeline | 15 | 20h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Base and bonus are treated the same, state taxes are tax deductible. You get exemptions based on your marital and living status, as well as some other deductions. Student loan payments are tax deductible, so are mortgage payments. There are a variety of things you can do to minimize taxes.
At $100,000 of income living in NYC id guess that your effective tax rate would be about 35%, though honestly I don't really know. I'm not an expert, but I'm sure someone will post with their experience.
If you contribute 15% to your 401k, you wind up with almost exactly half. Otherwise you take home around 60%
Pretty sure student loan payments are only tax deductible if you're making a really low all-in comp figure (~$65-70K). Can any one confirm?
Labore odio aut similique commodi odio aut. Consequuntur quia inventore nobis nam sunt quos quam officiis. Totam quia nemo modi neque mollitia.
In qui blanditiis qui pariatur veritatis totam. Adipisci autem ad velit ut. Culpa qui non quia ipsum.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...