Living on $100,000 After Taxes in Maryland #maryland #taxes #democrat #republican #salary

[catinthepeng]

Exactly. People keep thinking making $100, 000 is huge, but not in the DMV!

[ajtam]

100K is the new 60K entry level job. 😆

[lizzymandile]

I live in southern maryland and unless you are a millionaire, you are broke. Doesn’t matter your income or how you spend it. Your either homeless, middle class, or a millionaire. Those are the three options.

[bassackwards]

I live in Maryland. If you're single it's closer to 40%.

[LamboChuck]

Then throw in your medical, dental, money coming out for 401k, rent, bills, don’t have a kid! 😂😩😩😩😩😩

[crabcake_]

Maryland - “If you can dream it, we can tax it”.

[gamersunite]

Make 120K. Live in MD but work in VA. Made 130K last year and made roughly 80K after taxes. Can confirm.

[matthewwhite]

Dont forget sales tax and property tax. Usually end up spending at least 10k more on taxes a year.

[DirtyDeez]

That’s your fault for not running an LLC and lessening your tax burden through write offs.

[l.u.i.s._.]

Marylander here new breathing tax just dropped

[perfectjays]

Federal, State, AND Local tax is wild. At this point they’re just trying to see what else we’ll give them money for

[cdenameknd]

Lived in Baltimore my whole life can confirm. I remember when rent was $700 for a 1 bedroom. I pay twice that now.

[lttlelight]

Can’t take it anymore bruh get me outta crab town

[joyboddie]

And deduct for 401k and medical insurance!

[queen_of_domination]

That’s about right! Let’s not forget about benefits, 401k, etc. People will literally live check to check. That’s why I had to open a business to supplement my income.

[tellibear]

Live in Maryland can confirm that your local tax, doesn’t necessarily have to be that high it’s depending on the county

[fredost]

Moral of the story:Never live in MD. I did and would not again. Also handgun ownership isnt legal, at least it used to not be legal. That by itself is a great reason not to live in MD. Left in 1996 and never looked back.

[Ac-tywp]

Marylanders here, I've always taken 30% of the gross and then divided by 26 to see what my paycheck will be with any job.

[Somethin]

It's crazy that 29k is something that someone could realistically make in a year. Hell, in the 80's, it was actually a livable wage.

[midnightdarkchocolate]

Yeah cost of living in the Metro area is crazy expensive though. 100k in Maryland really isn’t that much. It’s middle class at best