Thread regarding Wells Fargo & Co. layoffs

Is $140k after tax income an okay income at the age of near 40?

Within the bank? Is this like an SVP salary on an after tax basis?

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| 1800 views | | 14 replies (last July 12, 2024) | Reply
Post ID: @OP+1tpu7TeK

14 replies (most recent on top)

How much do you pay in taxes if you earn this kind of comp?

Now that you know what your net take home amount, go and figure out if that $$$ pile covers your food, shelter, vacations, kids, pets, cars, insurance, energy, communications, entertainment etc. Also, think through how much would you be saving and where will that take you.

So much here will depend on your lifestyle, geography, what do you want to do in life, etc.

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Post ID: @4eax+1tpu7TeK

I sure hope you're not an SVP if you're asking such a question.

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Post ID: @1jzw+1tpu7TeK

LOL @ after tax.

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Post ID: @1kxx+1tpu7TeK

145k after tax means that the salary is around 300k pre tax. Yes, 300k is a good income at any age. Are you an alien 👽?

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Post ID: @1hqo+1tpu7TeK

In CA you can flip burgers in high school and make 60k a yr. 140k will put you slightly better than a guy w a tent.

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Post ID: @1mlp+1tpu7TeK

If you are in Charlotte, NYC or California, it is a barely making it.

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Post ID: @vpj+1tpu7TeK

I would be insulted and disgusted at a mere $145K salary!
Where is you self-respect?
Maybe you need training on "For Starters - Belonging", "Being Yourself at Work", Clearly you are seeking Equity - so take that training and BEWARE of "Invisible Influencers" on your obvious (only to everyone else) of your unconscious bias.

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Post ID: @pls+1tpu7TeK

140k is poverty wages if you live in a big city. The fact that you have to ask this question means you are likely not making anywhere near this, or at least shouldn’t be.

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Post ID: @yjq+1tpu7TeK

You have to have a minimum salary of $145,000 to post on this site.

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Post ID: @iqh+1tpu7TeK

What a troll.OP if you honestly asked this question you are not making 140k after tax or ever will working for WF.

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Post ID: @fwb+1tpu7TeK

Why do you think it’s ok to ask that question on a layoff site?

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Post ID: @fjk+1tpu7TeK

Ok for what?

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Post ID: @snq+1tpu7TeK

Ask your financial advisor.

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Post ID: @bgl+1tpu7TeK

The same. Not sure that this is enough for a large city.

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Post ID: @zmg+1tpu7TeK

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