Making Money in Physics: Is it Possible?

[AnTiFreeze3]

Marry rich.

 

[set]

woah I was expecting that $90,000 (of course, with 10+ years of experience, so when I am about 35) will become $80,000 after tax, but $120,000? Hmm I think I first need to know the real world :S

 

[StatGuy2000]

woah I was expecting that $90,000 (of course, with 10+ years of experience, so when I am about 35) will become $80,000 after tax, but $120,000? Hmm I think I first need to know the real world :S

The income tax rate is approximately 30-40% in Ontario, Canada, so if you do the arithmetic:

$80000/(1-.3) = $114285.71

$80000/(1-.4) = $133333.33

(for simplicity, please note I am not taking into account deductions for the Canada Pension Plan, EI, or any corporate health insurance or pension contributions).

 

[Vanadium 50]

Marry rich.

Marry for money and you'll earn every penny.