Comments by "Joe Swanson" (@joeswanson733) on "Legion Of Men"
channel.
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peopel forget about income taxes/payroll taxes...
for example we'll just use california
so let's say you make $100,000 a year.
so after payroll taxes bam you're down to $72,000 a year. that's just $6,000 a month. sounds good right.
ok so you live in la you pay 10.25% in sales tax.... so every $1000.00 you spend you pay around $102.500 in sales tax. sounds ludicrous right?
you rent a 1bed room apartment it's $1800 a month if you're lucky enough to find one at this price range.
so down to $4200 a month left.
you got health isnurance, car isnurance, car maintenance, life insurance, utilities, food, phone bill, pet expenses if you have pets, gasoline, clothing/personal hygiene, entertainment. Not including any unexpected expenses.
anything after that will go to the emergency fund, long term savings/retirement.
so even $100k a year... is nothing to write home about now
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