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smallint t1_j7xm1o0 wrote

4K rent is a paycheck (after taxes) for someone making $150k

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[deleted] t1_j7xnqt5 wrote

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123456abc__ t1_j7y0rzn wrote

150k after benefits is about 7k a month

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selfcareanon t1_j7z66dt wrote

I believe this is assuming nothing going towards 401k, which someone making 150 is likely maxing out.

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Wowzlul t1_j7zirdh wrote

Or saving for a down payment, or investing, or any number of other things besides spending upwards of 1/2 your monthly income on rent in a neighborhood with many other, cheaper apartments and neighborhoods nearby.

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harrytrumanprimate t1_j7y1680 wrote

A little bit more than a pay check bimonthly after taxes, insurance. Its doable but I dont see why someone would voluntarily put themselves in that situation

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smallint t1_j8092r8 wrote

Agree. I personally like to pay everything, including bills, utilities and any liabilities with that one (of two) paychecks.

Even better if you’re able to max out your 401k, pay all your bills and have that second check still available.

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[deleted] t1_j7yig9r wrote

[deleted]

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marishtar t1_j7z2uxf wrote

They said paycheck, not monthly pay. Effective tax rate for $150k is going to be 34.57%. One paycheck is going to be for every two weeks for most people.

$150,000 / 26 * .6543 = $3774.81

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ZookeepergameEasy938 t1_j7zcl2q wrote

slight adjustment - most people get paid twice a month so there are 24 pay periods in the year, not 26

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bittoxic00 t1_j7zdw14 wrote

Usually twice a month but those magical months when you get 3 checks

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