NY tax calculator
#1
Just Joined
Thread Starter
Joined: Aug 2012
Posts: 9
NY tax calculator
hey guys, i've been trying to calculate what my take home salary would be if i took up this job opportunity in manhattan. there are various calculators online but as you already know they ask very specific questions like federal allowances and residency status etc which im not too familiar with.
anyone know of a what if calculator that can approximate to the nearest $100 without needing to feed every little detail?
just trying to project income with expenses to visualise my position. any other tips would be most appreciated! thanks
anyone know of a what if calculator that can approximate to the nearest $100 without needing to feed every little detail?
just trying to project income with expenses to visualise my position. any other tips would be most appreciated! thanks
#2
Re: NY tax calculator
You need that info for the result to be accurate, if all you're looking for is a ballpark figure, then figure it's the same as if you're living in London.
Just add in the extra hassle of a second state return to fill in if you lived in either NJ or CT and commuted in instead.
Just add in the extra hassle of a second state return to fill in if you lived in either NJ or CT and commuted in instead.
#5
Re: NY tax calculator
Stuff like 401K and medical insurance will reduce the taxable income, but you didn't want to put in all the details and just wanted a ballpark figure, which you've got.
#6
Account Closed
Joined: Aug 2002
Location: Kentucky
Posts: 38,865
Re: NY tax calculator
As Bob says, it's much the same.
Again, it doesn't really... the more you earn, the more is taken out. The percentage of take-home pay stays pretty much the same across all wage brackets except the very poor and the über-wealthy.
Ian
And how does that vary as you earn more?
Ian
#7
Just Joined
Thread Starter
Joined: Aug 2012
Posts: 9
Re: NY tax calculator
It's the same. You pay a percentage up to x dollar amount and then pay another percentage on the next band of earnings, just like in the UK.
Stuff like 401K and medical insurance will reduce the taxable income, but you didn't want to put in all the details and just wanted a ballpark figure, which you've got.
Stuff like 401K and medical insurance will reduce the taxable income, but you didn't want to put in all the details and just wanted a ballpark figure, which you've got.