Hello, i make $140,000 in NYC as a software developer

hello, i make $140,000 in NYC as a software developer.

i am here to tell you why it is actually not that much money

basically after taxes I am left with $70,000 per year ($5800 per month)

in order to avoid riding the subway full of rabid animals or the train which is literally $500 a month, I have to rent an apartment close to the office. My share of the rent and utilities is $2500 per month. So now I'm at $3300 per month.

Accounting for food, health insurance, basic supplies like things for my teeth, hair, and skin brings this down to $2800 per month.

Now, if you were able to live life like this, with no car, no family, no girlfriend, no college debt, no mistaken purchases, no costly hobbies, and you were somehow able to work like this for 30 years, then you would have a little over $1,000,000 saved, plus compound interest or dividends or etc if you are investing the money properly every year.

Assuming that real estate prices stay flat (they wont) and you have no significant expenses when you retire (you will), 1 million USD isn't even enough to buy a particularly nice house or a particularly nice lifestyle that would be meaningful and enjoyable. Basically you would have just enough to be comfortable, sitting in your house all day with the occasional house guest at the age of 60 goddamn fucking years old (ew).

Plus, what is more likely to happen is you will blow all your money on dumb shit that your girlfriend or family want.

Long story short, if you are trying to obtain 50 mil and live an actually insane and awesome lifestyle, even being a high paid software engineer aint gonna cut it

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how did u get a 140k job in nyc software dev

t. software dev

know a lot about java and sql/nosql, in reality 180k is a fairer price here

nice LARP faggot

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Idiot. Most intelligent New Yorkers buy a small piece of property in a zero state no local income tax state like Florida or Tennesee, and have that listed on their tax form. They still live and work in New York except their W2 says Bumfuck, Tennesee. The only thing that is different is that the driver's license and plates are from that state. If you make $140k and didn't figure this out yet, you got lucky to get where you are and clearly not by skill or virtue of intelligence.

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Less benefits, less 401k matching and the take home pay he gave is realistic.

No it's not. This is a simple income tax calculation. He's larping.

Yeah this is a dumb larp OP even in a high tax shithole like NYC you would take home more than 70k and you would also be putting your savings into a good SP500 mutual fund for steady gains. Realistically you could save 3-4k a month on this income (especially with 401k match) and still have enough each month to have fun with. Also 140k is low for NYC as a SWE you should be aiming to make 200k total comp by 5 yoe or you’re grossly underpaid. If you can’t hack it in that city then just move like you would end up doing eventually anyways (who tf actually retires in this city???)

You would be correct except for the fact that if you maintain a lease in NYC, the landlord must report that to NYC department of taxation.

And you don't need to buy land to say you live there. You can just borrow a friend's address, you gay fucking faggot retard. Even then, you will still be on the hook for income earned in NY, you just will escape the NYC local tax.

I feel you. My buddy works for Microsoft in Seattle and makes $145k+. That’s how I learned I’d you make too much money you can’t have an IRA. I make 52k in bumfuck Indiana, live with my parents, and have like 2.5 the portfolio he does.

92k - 6k for health insurance is 86k. So he could be off by a bit, assuming no 401k, no short term disability or life insurance, or any other of the myriad of things that can come out of your paycheck? You are a faggot for calling LARP, go fuck yourself, you envious prick.

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>SWE
>actually paying for your own health care

Must be a shit tier company

Imagine being so fucking retarded that you dont understand the concept of pre tax health insurance contributions lowering your take home pay. go bathe in acid

grossly underpaid, no. only people making 180k are at facebook or goldman

145k at microsoft? HAH. fuck me dude. what a disgusting company and salary. id rather not work at all. imagine having to use visual studio. WOW

this is the reality of the industry. if you arent able to crack into FB, you can make FB tier money but just supply your own benefits since it is NY state.

Spouse insurance and 401k are the reason for the difference.

Even if you go with his raw number of 90k post tax, you get $7300 per month, compared to what I said was $5800. Anyone with a brain understands that this is not materially different in NYC, it would basically pay for parking or a vacation or a coke habit.

Depends on yoe, 140k is ok for fresh grad but point is your compensation will go up with experience... there’s no reason why you can’t be making 250k in NYC within 5-10 years. I live in a cheaper city and know tons of people in tech here making 200-300k. Any of the top 20-30 or so tech/finance companies pay this much

He makes at least that much. That’s how much gross you have to have to be ineligible for an IRA, which he told me he was. I’m just chiming one about your point about six figures not being much in a big city.

The Metro North isn't $500/month if you live closer to Manhattan faggot. Move to Riverdale you can get your own 1 bedroom here for under $2k

Go to LIRR's website and tell me how much a monthly pass from a zone that is worth living in. Don't you dare start talkin bout fuckin Riverdale or Kew Gardens or any of that cucked ass shit. Come back at me when you can afford Sands Point

assuming this isnt a larp, get a fucking accountant. you shouldnt be paying half your income in taxes at that salary.

i live in NYC and my wife and I made 200k, rent is 2300, it was enough to save 4-5k a month as we budget strictly in addition to 15% retirement contributions

That's why you have your work classify you as a remote worker located in Florida instead of New York. No need to pay NYC OR NY tax. You don't need to tell any of your coworkers. Just speak with HR and tell them your tax and location needs corrected.

The address of your new ID doesn't matter, just rent for a few months and you won't need to buy property. I don't have friends in flyover country either.

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Sounds like you can't afford to live out there either, keep bitching about not being able to afford the highest end suburb

Meant for

Also jack, leasing an apartment in NYC isn't proof you live or work there. It is merely a place that you use occasionally for non work purposes.

That would require your employer to have a business entity in Florida and to willingly commit tax fraud. Imagine having this flawed perception of reality

$2000 rent in NYC, what park bench are you guys sleeping on?

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You sound like a massive faggot bro, think you're too good to live in regular middle class areas but complaining about your obscene rent and not being able to afford anything better than what you already have. Kys

I said 2300, It's a 1br apartment on the upper west side, it's not all that glamorous but it's livable. I had a nicer one that was 2750 but moved out of that one last year to save a little money

I swear to god if I made that much money I could afford a fucking helicopter and a different prostitute every 3rd day and I would still have money left aside to put into LINK and gold so that I could retire in a few years

I make 40k and I'm well on my way

whats the matter dawg im just memeing about my pathetic existence where even if im able to make shit go absurdly fast in java thanks to an extremely deep knowledge of java.util.concurrency it still isnt enough to have a non-nigger-tier life in the Empire State! thank you cuomo and schlomo!

HAH upper west side ok man I'll come visit your $2300 walk up on 178th and 10th

just learn to code and if you dont mind a 2 hour subway ride every day then you can live in a flea infested traphouse in canarsie for $900

Why are you so upset over your LARP being exposed?