HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » Once again: It's not gro...

Tue Jul 10, 2012, 06:15 PM


Once again: It's not gross Pay, not even take-home Pay, it's [View all]

NET INCOME after deductions in your 1040. The stuff taken out of your paychecks is just an estimated deposit, hence why so many get back a chunk.

I've seen this posted here and on DU2, and I think I've even posted once before.

to repeat:

NET INCOME equaling $250K or more means making considerably over that, though it would vary some state to state, but easily we're talking a gross wage of at least $350K, perhaps more again depending on states, investments, and stock market losses or gain, IRA deposits, other taxable income write offs.

7 replies, 1604 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread