80-120k salary and filing single...are taxes going up according to trump?

like
Posting as :
works at
You are currently posting as works at

DJT's tax plan gives tax cuts for everybody. And increases jobs. And decreases the deficit. And increases benefits to legal citizens. And everybody gets a pony too!!

like

And a gun

like

www.donaldjtrump.com/policies/tax-plan/

like

For sure

like

And a unicorn

like

No

like

Would be paying 33% starting at 113,000 as a single 😩 it's currently 28%.

like

Yeah I looked into this earlier...single filer making $112k-$191k will see rate increase from 28% to 33%. Personally that leads to a 41% increase in my income taxes (I'm somewhere in the middle of that salary range). This is before 5% cap gains tax increase. Oops.

like

And mule!

I don't understand it, what's the proposed bracket for single filers? Only lists married filing jointly and says half of that for single filers

Right, divide by 2 to get the single bracket

Divide only the salary amounts. So single filing 35-112 gets taxed 25%, today it's around 28%. But 112+ gets taxed 33%. Anyone wanna validate? Wish the percentage cuts in half too but online it says just half the amount of the bracket

With a 15k standard deduction and Max 100k itemized, but yea that's what it looks like

Related Posts

like

Reasonable base compensation expectations for regional general counsel position (direct report to CLO)? From what I can tell, company revenue is $500M - $1B (privately held company, so tough to know); construction industry (infrastructure / energy / mining); midwest headquarters. I’d be at the lower end of the experience requirements. Looked at MLA report, but looking for additional thoughts/opinions. Thanks!

like

Got an offer for non-tech PgM (finance side) in Google Cloud. They told me I'm on the boarder of L5 but decided put me at L4. I also have other competing offers with higher comp than Google's preliminary offer (aka. range shared by my recruiter as comp is still working on the numbers). Thoughts on negotiation? Timeline to move from L4 to L5? Thanks!

-Base: 147K
-Bonus:15%
-RSU: 125K
-YOE:7
-Location: Bay area

like

What % of your FT salary is benefits? I’m trying to figure out how to convert my freelance rate to a FT rate if I get converted. I’m a junior creative in NYC, btw.

like

Next year I am going to complete EMBA from KREA University in Operation, Having 9yr experience in Accounts, IR&Admin in one of leading Construction MNC, my current CTC 9 LPA, How much salary can I expect if I want to join other organisation ?

Is 150000 CHF a good salary for a solution architect in Zurich?

like

26 years old. Thinking about doing Grad school in 2 years. I have been doing Roth 401k. Should I keep on doing that or switch to Trad 401k? Info on this is so mixed :(

like

Friday the CEO sends out an email proudly proclaiming that the company made $22 billion last year.
Two hours later I am told on our team meeting that the bonus/raise pool is down from last year.
I just have no words.

likefunnyupliftingsmarthelpful

I'm an Inside Sales Representative at a pressure treated wood company in Central Florida. I'm currently salaried at 54K + 30K (7500 paid quarterly) capped bonus.I have 5 years previous experience in this position and I am tasked with handling all multifamily quoting projects for our office. I surpassed my 1st year in April and want to negotiate a raise. I planned to ask for 15%. Any pointers or thoughts? Is this the right time?

like

Is $100K CAD a reasonable salary for a Senior Art Director in Pharma?

like

What’s salary range for Salesforce function resource having >5 years experience

like

What will be a good bonus that we can expect for SSS with good util and top right scatter plot?

like

Work in the U.S, and make an equivalent of ~$500k CAD. Any interesting roles that might be in that ballpark in Toronto? Thinking of making a move back home to Toronto without a huge comp/lifestyle change

I’m guessing it’s mostly VP+ roles at large companies or something In PE?

likesmart
like

Does anyone know what life at Medidata as a solutions consultant is? Work life balance, team culture, compensation?

I am considering a move, don't have an offer on my desk yet but advancing through the interviews. Would like to prepare if a decision will need to happen.

I like my current job but am starting to feel burnt out covering the understaffed presales team while not making any more money for my efforts. We also recently (a year ago) went through a merger that is causing me concern.

like

Salary for Senior Data Analyst with over 10 YOE?

like

Code and Theory is looking for project managers for their production team. I'm immediately looking for 2 people for my team, dedicated to two high-profile accounts.

Competitive, if not progressive, salary. Responsible unlimited time off. Fully remote. Please reach out!

like

Bio: middle-back office experience, consulting paired with industry experience totaling +8yrs + MBA. Currently in big4 consulting/transformation role as an M3.

What is the base/TC comp band for a Sr Associate I should shoot for, NJ area?

Target firm: Credit, 25B AUM, less than 1k employees, flat Org.

like

LCSW 50k loan repayment- Has anyone been granted a contract through the National Health Service Corps Loan Repayment Program? I’m interested in applying for the 2 years of full time work as an LCSW but my loans are a bit under 50k so I’m wondering if they would only give me what I need to clear my loans or would I still get 50k as long as I complete my contract ?

What are the salary bands for Managers in the ServiceNow practice at your respective firms?

like

More Posts

Taking REG this quarter but what happens if I don’t pass? Will I be totally effed with the new changes and have to start re studying from scratch? 🤔

like

I have a brand new person on my team- she is totally new to the field, has recently returned to the workforce (solo mom of 3 teens), is very smart. I knew when I hired her that I’d have to lean in to get her to where she needed to be. She has a ton of potential but lacks experience in a professional setting. I need to help her level up her written communication skills. Any suggestions on books, resources, strategies? She is learning by doing and takes feedback but I want more supports for her.

likeupliftingsmarthelpful

Any self help books for women who don’t have good relationships (and possibly are depressed and jaded)? Maybe something for courage to lead a life without depending on others

like

Hi Fishes , can anyone refer me in EY GDS for this Job requisition ID 1178143 ?

like

Hi guys,

Currently working as an Associate in CTS. Going to join PWC(Kolkata)as a Functional Tester. If anyone knows please give me an overview of PWC kolkata. about learning, WLB, job security, increment, office politics.

like

Does anyone have experience of being hired externally in Canada as a UK citizen where visa sponsorship would be required? Or is the only route internal transfer?

like

FIS Global : 15 LPA (13 fixed)
Optum : 18 LPA(15 Fixed) + 1 L joining bonus

TechStack: ETL Developer
Yoe: 4

Which Can be preferred??
Current org: Cognizant
Optum FIS Global

From TCS C2 grade to 5b grade in infosys, is this a good deal? Current CTC 7, CTC agreed by HR 15 (13 fixed + 2 variable ) INFOSYS Infosys Tata Consultancy Accenture Wipro

like

I have a lot of National Parks on my bucket list, but I've also had some awesome experiences exploring State Parks across the country. What are your favorites?

like

If I get a new job in New York but only move in august, would I be able to avoid state income tax for all of 2021 income given I spent over 6 months in Florida ? Have lived in Florida for all of my career thus far.

like

What is the general consensus on online I/O psychology programs? I’m looking to pivot into HC consulting and am strongly considering USC’s online MAPP or Harvard Extension School’s I/O Psychology graduate program.

like

I am looking for an entry-level job in design or consulting in Toronto.

like

Hello friends,
I got an offer from “Experian” as a QA just want to know the work life balance in that company for QA and Hikes.
Could someone please share your inputs.

like

The Investnent Advisor, LLC a registered investment adviser is looking for Investment Advisors in Pittsburgh, Pennsylvania.
Must have a Seires 65 and a Portable Book of Business. Call 412 388 0500.

likeuplifting

Is having too much “attention to detail” a bad thing?

like

Switched from audit to advisory thinking I would like the job more. Well I don’t and now I’m thinking about completely changing paths and going to esthetician or cosmetology school. Am I crazy?? I’ve always had a passion for that type of stuff and think I would actually enjoying going to work if I did something like that.

like

Anybody playing no mans sky? I’ve started playing since the origins update and I can’t stop.

Buddy , how to apply for h1b from india is it possible i heard some consultancy does that

Atlassian
are the rumours about layoffs true ?
any insider information ?

Has anyone done general assembly or galvanize? How was it? I’m looking to do a data science boot camp and thinking about those two. Open for other suggestions as well!

like

Additional Posts in Consulting

Free deposit of 50% of Elite nights from last night for Marriott Members. Sounds like Marriott really wants us to start going back and staying in their hotels.

like

Fellow runners - I’ve been running 3-4x per week at about a 20-25 mile/week for the past year or so.

My questions: (1) does it make sense to take a week off and let myself rest or do other workouts (i.e. cycling) and (2) I’ve been running with the same shoes since August last year - make sense to get new ones?

like

what difference does 109% vs. 100% utilization make at Year End? Latter basically means you took your PTO, former means you worked every minute of the year (Consulting, S&O)

I've been working on a startup, at what point do I quit this consulting life?

like

OMG LGA traffic are you kidding me??

like

What are some good bars / clubs to check out in Ocean City, MD?

like

Anyone have an recs for self help books that help with work anxiety? I've felt so low on the totem pole since I joined in 2015 that I rarely give any opinions at the office. Obvi this is (cont'd)

like

Can't wait for greenlight to apply for my CSR and get a Tumi bag

like

Anyway to change expenses after they have been submitted and deposited in your account. Submitted some to the wrong client code

like

Tfw you should be asleep but instead are reading about other consultants jerking it on fishbowl. Weird topics tonight..

like

How does severance typically work when you get fired? Is it a lump sum?

like

If you're going to attempt to be a smarta**, at least try to be both smart and an a**. Don't be just the latter.

like

When you're in a bathroom stall and you can hear someone use the bathroom and leave without washing their hands - just why?! It's flu season, people!

like

How do you deal with being capped at 40? I have a feeling that despite what leadership says, it has to hurt you at YE

like

The minute I land in Chicago I start dreaming about Naf Naf. That pita bread is my undoing.

like

Book recommendations. Your favorite -
1. Autobiography/Biography
2. Self Help
3. Financial Literacy
4. Non-Fiction (not from 1,2 or 3)
5. Fiction
Go!

like

Management consulting = management Con ! Do you sometimes feel like you're pulling off a con 🤔

like

Does anyone else use OneNote? Been getting a bit overwhelmed recently and my lack of organization is starting to catch up with me. Trying to find better ways of taking, storing and organizing notes I take.

like
like

T-7 until I lift off and never come back to the client site... Until next Monday 😞

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal