I have two offers in the US at the moment. One at 153k and one at 175k. Single filer.
annual gross | fed tax | retained % | grosstake-home income |
---|---|---|---|
$153,000 | 0.24 | 0.76 | $116,280 |
$175,000 | 0.32 | 0.68 | $119,000 |
While there is 22k difference "on paper", it seems like after federal tax (ignoring state/local), the difference is $2720 a year. Do personal deductions or other factors throw this off significantly? Aka, is my "ballpark" math correct or am I missing something?
P.S. I don't plan to contribute to tax-deferred accounts.