> $10m is probably best case scenario (after taxes, you can afford a pretty nice place in the Bay Area and have some left over)
That's an extreme overstatement - a 'pretty nice place' in the bay area would cost in the $1M range, maybe $2M if you have a pretty jaded view of 'pretty nice'.
> you just made a million bucks, which will be about 700k after taxes.
More like 500K - 39.6% federal and up to 12% CA state tax.
That's an extreme overstatement - a 'pretty nice place' in the bay area would cost in the $1M range, maybe $2M if you have a pretty jaded view of 'pretty nice'.
> you just made a million bucks, which will be about 700k after taxes.
More like 500K - 39.6% federal and up to 12% CA state tax.