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brownredgreen t1_j8snmy9 wrote

Reply to comment by GrreggWithTwoRs in Here’s how I lived off of $23k last year. by ThrowRAanyways2

Taxes differ from 23k to 35k a year.

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GrreggWithTwoRs t1_j8spytd wrote

True it’d be like 1350 rent to make it even at 35k salary

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brownredgreen t1_j8sqdpb wrote

I feel like you seriously underestimate the tax diff between 23k and 35k

Iirc, something like your first 10-12K is 100% untaxed, and after that is very low. The taxes on 30-35K are sizeably higher than, say, 20-25K

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GrreggWithTwoRs t1_j8sv1p2 wrote

They are, I checked on smart assets New York calculator tool. 23k gross is 19k post tax, which the OP confirmed. 35k gross is 27.5 post tax, so 8.5k higher.

8.5k more means 700 more per month. 620 is OPs starting number so that gets you to 1320

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brownredgreen t1_j8szwt2 wrote

You know of many 1 bedroom apts that go for 1320 in NYC?

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GrreggWithTwoRs t1_j8t23jc wrote

That’s a different question. My point was just that extremely extremely low rent is not necessary to make a very low gross income work. I wouldn’t advise anybody making 35k to spend 1350 on rent, it’d just a hypothetical, and no one is talking about one bedrooms.

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brownredgreen t1_j8t28n9 wrote

35K is above min wage

Any person who works full time should be able to afford a 1bdrm

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GrreggWithTwoRs t1_j8t2nc3 wrote

What are you looking for me to say? You made a great point about the taxes, my initial number of 1500 was too high, the number is really 1320. I agree with your second sentence there as well, but that is a different conversation.

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