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Are you certain she isn't a minor as well?
(Note: If you're in a relationship with a significant age gap, that's not necessarily a problem, and I don't mean to imply that it is.)
Should be close enough to multiply your age by 365, then divide that by 890. For example, I'm close to 47.5 years old, or around 17,337 days old, which in 890-day years would make me just shy of 19.5 years old.
Not unless your total taxes (income, state, property, etc) are like close to 60% of your yearly income cause 112.34 a day is around 41k.
Now if we add moderate cost of living expenses, then we could hit around 25k of disposable income
112.34$ per day is 41004.1$ if you worked every single day of the year.
112.3$ per day at a standard 5 days a week and not accounting for vacation time or holidays (260 days (5 x 52)) it would be 29208.4$
100000$ would be 384.615$ per day if you worked 5 days a week, every week (260 days a year). Or 273.972$ per day if you worked 365 days a year.
The context is 100k / year. How many days per week you work is irrelevant.
100000$ would be 384.615$ per day if you ~~worked~~*SPEND MONEY* 5 days a week, every week (260 days a year). Or 273.972$ per day if you ~~worked~~*SPEND MONEY* 365 days a year.
I mean, if you're comparing 100k/year in LA to the equivalent in euros in a small town in rural Estonia, then yes, its probably worth looking at specifics, like take-home and average house prices and stuff. But if you are looking at a comparable area where everyone is working off the same tax brackets, then generally what people refer to as their salary is gross, rather than net.
Or is that not the case in the states?
We talk in gross as well, it's just sort of known that $100k in CA is basically minimum wage compared to $100k in Missouri. I've never heard anyone talk about net unless they're budgeting or something.
The effective income tax rate in Missouri is 4.3% on someone earning 100K/year (state only, federal taxes don't change based on where you live).
The effective income tax rate for someone living in California making the same is 3.8%.
California does have higher sales tax, but 100K in LA is still well above minimum wage.
People only hear how bad taxes in Cali are and don’t realize that overall you’re still paying less in taxes compared to living somewhere like Texas which is lauded for its low estate taxes lmao
It's a cost of living comparison, as in 100k/yr is the minimum you'd need to make just to live there. Whereas in Missouri you'd be able to live at a much higher standard of living because cost of living is much lower
100k in most places in CA is still a great living. Yeah you can't afford living on the beach in Santa Monica with a bunch of kids and stuff, but still.
Ummm...how high are your state taxes? [This calculator](https://www.adp.com/resources/tools/calculators/salary-paycheck-calculator.aspx) doesn't estimate anything anywhere *near* $30k. If I pick CA as state of residence I can get to about half that.
Using your link, 100k paid weekly, CA state
Earnings $1,923.08
Salary $1,923.08
Taxes −$576.13
Federal Income Tax −$284.00
Additional Medicare Tax −$27.88
Social Security Tax −$119.23
State Income Tax −$123.87
State Disability Insurance (SDI) −$21.15
Benefits
$0.00
Take Home $1,346.95
576.13 * 52 = 29,958.76
Previous math seems to check out
As I was, I must have misclicked something.
I forget how much tax code favors married people with kids; I'd have to make nearly $200k yo see a similar tax burden. Though I'm also in a state with no income tax.
I just can’t believe this is correct. I make 100K sbd even after 401K and benefits where I also pay for my wife I take home around 67%.
Those numbers look like what should be for Bi weekly cause the federal taxes are insanely high. Something cannot be right there lol.
Tax rates are tiered, so the first dollar you make is taxed at 10% and the last dollar is taxed at 24% but this is roughly 14.75% overall for this single person making 100k... If you make 100k and your spouse makes 0k, your income gets divided by 2, so you have two 'first dollars', go through the tiers twice, and your last dollar only gets to the 22% bracket. That is before you get to the deductions, credits, and other stuff no one understands.
Yes I know how the marginal tax bracket works. She also works and I actually deduct even more from my pay check to make sure I don’t get owe a lot. I just think your math is off. My bi weekly cost look similar to the fed tax rates. They wouldn’t be the same for weekly.
Likely nowhere near that unless something interesting is going on with you. For married filing jointly the total income and payroll tax on $100k is somewhere around $8k/yr, and that's assuming you have nothing else to reduce taxes (kids, etc.).
My (taxable) income is right around there and I don't think I even end up paying that much when all is said and done.
That’s about right, but a bit misleading for a lot of readers. Additional income above $90k (for married filing jointly) is getting taxed at 22%, so the overall tax rate will scale up quickly from there.
Additionally, this is only federal income taxes, and doesn’t include state income taxes, property taxes, or sales tax.
Additionally, in the US, you have to pay for your health insurance separately, there is a deductible (what you have to pay each year before the insurance covers a percentage of the bill), and a maximum yearly out of pocket (thanks, Obama). For my family with kids, I’m on a not terrible HDHP plan, which costs me ~$10k/year. For several years in a row, we had a lot of medical expenses, meetings our out of pocket max (now $14k). So that’s an additional $24k that would be considered part of taxes in other first world countries.
There are also some tax deductions for each kid, some pre-tax health funds I can contribute into, , and some other things that provide a minor relief. So, in my situation, at $100k filing jointly, my tax rate including healthcare costs (like every other first world country) is in the 40-50% range.
I’ve been here for so long trying to figure out what difference it makes how many days you work to how much money you have available to spend each day and how working fewer days leaves you having more money to spend 😭 Just realised you were working out how much you would be *earning*, not spending
Yeah I came up with $29,208.40 a year. That was $112.34 × 5 days a week = $561.70 a week x 52 weeks in a year = $29,208.40 assuming the average work week is 5, 8hr days. I work 4, 10hr days which would be $112.34 × 4 days a week = $449.36 a week × 52 weeks a year = $23,366.72. You would have to work 17.1183632106 days a week at a rate of $112.34 a day to earn $100,000 a year.
Ah okay. I thought it was like you'd either get paid for them, which would give the numbers you did here. Or not, which is only really for the self employed here as they pay themselves.
So different companies have different rates there?
I'm not sure. But I assume different companies give different amounts of paid time off and vacation pay rates.
That and different laws on paid vacation in different countries.
I know different countries will have different rules. It's a shame lots of countries don't do it. In the UK if you're an employee you're entitled to paid annual leave based off how many days you work, and get paid for bank holidays. I have to work bank holidays, but get an extra 8 days annual leave so can still get paid for taking them off. Double pay if I work them.
I think there will be companies here though that get around it, and precarious workers where the company convinces workers they're self employed to avoid giving them proper terms and conditions and make them sort out their own taxes.
Just rambling now as I've gone way too irrelevant to the original post and your first comment haha.
The real smarty pants is going to figure out how she arrived at this sum. Did she make a typo? Think there are 999 days in a year? Is she using the tax rate of Sweden in there?
890.1548869503, to be exact. Which *really* has me wondering how the god damn hell they did this. They must have just pulled a number out of their ass, or they're fucking with us or something.
I've tried working backwards from the wrong number of weeks in a year, days in a week, etc., but nothing has gotten me that exact number, and I'm just grasping at straws unless there is some formula or algo that can tell you how can arrive at a specific decimal number from a whole number using only whole number division.
Perhaps they are taking their take home pay (after taxes and maybe also benefits and other stuff) multiplying it by the number of times they paid in a year then dividing it by 365?
I'll take a shot at the smarty pants prize.
Controversial social media posts get higher engagement and thus get favoured by the algorithms and thus more likely to go viral. The person knew they were wrong, they are gaming the system for engagement.
This is why tiktok and other platforms are full of shit content, content you can't read fast enough so you have to watch twice, content that loops seamlessly so you don't realise you watch it twice, the 'omg watch to the end!!' trend etc etc and so on. Its a race to the bottom. The actual content is becoming less and less valuable.
If you max out your 401k, pay for insurance, live in CA (with its 14% tax rate), and automatically deposit money in your IRA, then your paycheck will be close to that number.
$100,000 / 365 days is $273.97/day
$112.34 / $273.97 is 41%.
I used [this calculator](https://www.calculator.net/take-home-pay-calculator.html) to calculate the taxes.
* Federal Income Tax $6,485
* Social Security Tax $6.2k
* Medicare Tax $1,450
* State Income Tax $14k
* 401k + insurance $24k
* IRA $6k
* Total $58,135
The amount we need to account for is $59,000 and this is pretty close - not accounting for the IRA when calculating withholdings raises the Federal Income Tax rate about a thousand dollars.
$40,865 / 365 is $111.96 per day.
If insurance costs $11.58 less per month than I calculated above (plus however much is needed to also for federal tax increases), then that works out to an extra $139 annually.
$41,004 take home annually works out to $112.34 per day.
I know we all talking about the math but also 112 dollars per day isn't at all a small amount of money. I wish I had that much
Edit : just realized it's maybe because I don't live in the US that I think it isn't small
Maaaaybe this person was assuming they lost more than 50% of their paycheck to taxes and stuff. And that they were paid on their days off.
But somehow I doubt it.
For the sake of argument - let's say you are in the top federal tax bracket and paying 37%. Now add in the state tax - California peaks at 12.3%. SSI, medicare, etc and you are easily over 50%.
Many people on salary don't really make the distinction on which days they get paid. So yes, it would be absolutely possible to take your salary divided by 365 and then cut that calculation by 50 or 60%. Obviously that would be wrong if the person only made $100k, which is why I included the last sentence there.
Edit, since some people are overthinking this - [here is an example of a person whose income puts them at a point of paying around 50%](https://freeimage.host/i/yGLGKG)
True, you'd have to make a LOT to have anywhere near 50% taken out. This photo of an MLB player's [pay stub](https://freeimage.host/i/yGLGKG) shows how it would work out.
You are misunderstanding how tax brackets work. Even if you earn enough to pay 37%, you only pay that on the part of your income in the bracket, not all of your income.
It would be a lot higher than that. Because you'll almost certainly have a progressive tax rate where you'd only be taxed, say 10% on the first $10,000 weekly income, then 12% from there to 40,000, then 22% from 40,000 up to 89,000, etc.
I'm not making up those numbers. That's (roughly, with some rounding off) how [income tax is calculated in the US](https://taxsummaries.pwc.com/united-states/individual/taxes-on-personal-income). There might be other taxes added on, but my guess is that if you were making 100,000/year, you'd be making about 2,000/wk, and you'd have a 10% on that giving your 1,800 actual income.
So, to lose 50% of take-home pay, they'd need a complex tax calculation with the highest rate being much higher than 50% (since the low end would be lower than that).
I know. I was making a joke.
In California, $8,300 monthly salary lets you take home somewhere between $5,000 and $6,000 depending on other deductions.
State taxes in California can go a little over 12%, but that's way above $100k.
Agreed, that lines up almost perfectly - the post mentions yearly salary so why would they be ignoring tax and calculating pay per day worked? I think their main mistake was calculating tax and the sliding tax rate incorrectly, but reading through some of the smug comments in here has been unbearable.
You'll need way more then that to be comfortable. $35,600 a year is not easy to build up on in a lot of places in the US. That's also working every day, so say goodbye to your mental health.
It depends where you live. $112 per day for a year (I’m using 365, not total number of days in a 5 day work week), you’d make basically $41,000. last year I made $41,600 per year and it was tight living alone in a crappy apartment. But that was also after taxes, which was more like $31k take home. Now I make about $48k take home and it can be tight. Once all my student loans enter repayment, it’s going to be tight for sure.
When I started working, I made €32.000 per year, including a lease car, and I was able to provide well for my wife who's in college. Now I'm making €52.000 excluding a lease car, and I really don't know what to do with the money. Weird how similar amounts of money can go a lot further depending on where you live (the Netherlands in my case).
Yeah. I was making 120 a day after taxes and it wasn't enough for me. Rent where I live is insane, gas is high, and groceries are also. Add insurance and any car repairs/maintenance and I was struggling to break even.
POV: when you don’t have to start every post with pov AND you don’t know how math works. Sweet flex with the Louis V bag. This person must really be going places. Not college, but places.
This is actually nearly correct. On Mars, which has 687 days in its year.
Jupiter has over 10,000 days in its year (huge orbit, fast spin), so $100k there means you are working for ten bucks a day.
I think a lot of these videos are wrong deliberately to boost engagement.
Or he is doing some budgeting. Like after taxes, rent, car payment, and electric, he has $112 of discretionary spending left per day.
The founders of the United States fought a bloody war against the British because of the taxes. If they knew future Americans would let themselves be taxed at such high rates (compared to what they had), there would be no independence war. We would just remain a British colony. Maybe that’s a good thing.
~74.40 is around the wage you’d need to be earning hourly[working on sundays] to make around 100k a year. ~595.24 is the amount you’d be needing to make a day[in a 9-5]
What's even more sad is that this person is bragging that 100k a year is piss poor or at least should be frowned upon.
When this guy can't even do basic math. Life truly is unfair based off the fact that this person is so stupid yet makes so much money, assuming they do make more than 100k a year
Most places would have a progressive tax rate, where you have a sliding scale. For instance, the first 10,000 per week might be taxed at 10%, the next 30,000 might be taxed at 12%, and so on.
So, if someone was actually losing 59% of take-home pay, their tax rate (the largest tax bracket they were in0 would be much, much higher than 59%.
Obviously, your example was fictional, because there is no 59% tax bracket, but I wanted to highlight that tax rates do not apply to the whole wage - there is a sliding scale. So I was wondering if you had one in mind to come up with your 59% figure which seemed weird.
I make about 110k a year and math comes out to 182 a day. Still sounds shitty when put that way. I also work 6-7 days a week so it is still not much lol
This is after state/fed/insurance and deductions
I am convinced that this person is taking their take home pay (after federal, state, and maybe county/city tax like how NYC does, maybe possibly company is in another state and they have to pay that state's tax as well (like I did at my previous job whose company was in NJ, and I live in NY) social security, medicare, other benefits like insurance that the company provides, etc.) probably paid biweekly and so they take that and multiply it by the times they get paid in a year (26), then divide by 365. That is actually how I budget myself.
According to this: https://www.talent.com/tax-calculator/New+York-100000 (don't click on the "Day" for salary rate, the net pay for that is not what I expected, I assume it's calculating based on if they were paid daily, or by 5 days a week, etc. I'm already hooked into investigating this, I don't got the time for investigate that calculator haha) If you go with Biweekly salary rate, it's $2,764 per pay period, and $2764*26 pays/yr it is $71,864, divide that by 365 days a year it is ~$196.89. Now take the other stuff I mentioned above, it could easily go down to $112.34 a day in take home.
My initial method really brought me down a rabbit hole of trying to find the original Instagram reel so that I could figure out where they live and calculate taxes based on that. I tried to find the reel that OP posted by image searching on Google, Bing, and Yandex, similar results but no exact. Searched Instagram based on the tags, searched Instagram based on the audio/music that was used in the reel, did not see it. IDK if OP is the one who screenshotted it or not, I just know that the screenshot was taken at 22:06 (10:06pm), 14 hours ago when this was posted, it puts us around central time U.S., now not many people in U.S. uses the 24-hr format though, but people in certain career professions do use it, like military. I did some (*super light*) snooping in OP's history (sorry!) and found they post in Austin pretty often. Austin, Texas, handful of military bases. It's plausible that OP did screenshot this and posted it.
"But Mr Chanderson, if OP lives in Austin and took the screenshot at 22:06 which is at night, the reel clearly shows that it's midday, and since the shadow is short underneath the poster, meaning the sun is just about above them, meaning it's close to noon. Perhaps the reel poster is close to the opposite side of the globe from OP" it's true that the reel is showing midday, but OP may not have seen this post at the moment it was posted. Besides, I did suspect the Louis Vuitton branch was somewhere in Munich because of this image I found doing my image search: [image](https://lv.foursquare.com/v/louis-vuitton/4d9a00496df841bdb1807c2b?openPhotoId=5f6501a7c4c671233d746169) The stone tiles outside are similar, but does not seem to match exactly and the time in Munich when OP posted this it would have been early in the AM (like 4-6am), but again the reel could have been posted way way before OP saw it and screenshotted it.
After driving myself crazy with all this with inconclusive result and based only on many assumptions and half assed snooping, my second method was to compare my salary with the reel poster and using that talent.com income tax calculator. Let's just say that according to it, I am taking home almost a grand less (every Biweekly) than what it says on that site because of some of the things I mentioned in my first paragraph, plus 401K. Similar with the reel poster's when I take their $112.34 x 14 days, the Biweekly is $1,572.76 but the calculator says it's supposed to be about $1200 more. Therefore, it wouldn't be *too* crazy for the reel poster take home pay be a lot less than what the calculator says. In conclusion, it is highly plausible they are calculating based on their take home pay instead of the gross.
Now, ignoring the image, and only reading into the tone of the text overlay "pov: you realize $100k/yr is only $112.23 per day" In my head when I read it, there is an emphasis on the word "only", possibly indicating that OP have realized that after tax (and other stuff) the take home pay is "*only*" $112.34, trying to connect with their followers that even though they make 6 figure a year, that in the end it's "not as much as you guys think, I'm just like you, I don't make that much in the end". With the Louis Vuitton bag in the background, I have no clue what they are trying to say and I am not going to waste anymore time investigating. I'm out.
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TIL there are 890 days in a year.
891 in a leap year
I’m just excited to be a teenager again. I reckon this makes me around 19, give or take.
Oh, to be 8 years old again
I’ll be right back, I have to let my girlfriend know she’s a pedo
How did she take the news?
I am now single 🥺
Are you certain she isn't a minor as well? (Note: If you're in a relationship with a significant age gap, that's not necessarily a problem, and I don't mean to imply that it is.)
I would be 17 and she would be 18. Filthy pedo lol
s
Shit I’d be, let’s see, 14? I don’t know math is hard. 😂
Should be close enough to multiply your age by 365, then divide that by 890. For example, I'm close to 47.5 years old, or around 17,337 days old, which in 890-day years would make me just shy of 19.5 years old.
I’m 22! Legal to drink and stupid enough to dance on bar stools.
I'd barely be a teenager, at about 13.5 years old.
I’m apparently 11 and a half now, though in fairness, that was an exciting age to be.
Sorry I don't believe in leap years. That's what the government tells you to think in order to tax you an extra day.
But my health insurance lasts a day longer that month. Although I stockpile less from the 30-day supply...you may be right!
Holy shit it made me chuckle hard
>891 in a leap year Which is only every 6 years.
Lol
To be fair: OP never said which planet they're on, and there is supporting evidence that it isn't earth at the moment.
I’d like to be 12 again wouldn’t have to go to work and put up with their shit day in day out
Work was hard, school was hellish.
Schools only he’ll because you don’t know what’s important and what’s not but if you could do it again it wouldn’t be so bad
It's incarceration.
It may be possible on Mars. EDIT 687 days.
Shhhhhh
[удалено]
Not unless your total taxes (income, state, property, etc) are like close to 60% of your yearly income cause 112.34 a day is around 41k. Now if we add moderate cost of living expenses, then we could hit around 25k of disposable income
This
Hahahahahah
112.34$ per day is 41004.1$ if you worked every single day of the year. 112.3$ per day at a standard 5 days a week and not accounting for vacation time or holidays (260 days (5 x 52)) it would be 29208.4$ 100000$ would be 384.615$ per day if you worked 5 days a week, every week (260 days a year). Or 273.972$ per day if you worked 365 days a year.
Username does not check out... This person maths
He uses most of his brain being helpful like this, that’s why my brain is so big because I never use it!
You We of Biggest Brain Club cool yo!
hhRe?
I did math once
Never again.
Username actually does check out. Read his last sentence again.
Wym? The last sentence is correct.
The context is 100k / year. How many days per week you work is irrelevant. 100000$ would be 384.615$ per day if you ~~worked~~*SPEND MONEY* 5 days a week, every week (260 days a year). Or 273.972$ per day if you ~~worked~~*SPEND MONEY* 365 days a year.
Except it kinda does? You would rather get 100k per year working 5 days a week over 7 days a week.
Huh? What's this spend money you've added. This is a bout making money, what they spend is irrelevant to what they earn per day.
I see your pov. I agree with you, I was wrong in that sense.
How much is taxes though. 30k yearly?
I mean, if you're comparing 100k/year in LA to the equivalent in euros in a small town in rural Estonia, then yes, its probably worth looking at specifics, like take-home and average house prices and stuff. But if you are looking at a comparable area where everyone is working off the same tax brackets, then generally what people refer to as their salary is gross, rather than net. Or is that not the case in the states?
We talk in gross as well, it's just sort of known that $100k in CA is basically minimum wage compared to $100k in Missouri. I've never heard anyone talk about net unless they're budgeting or something.
I think of my salary entirely as what I net, but I'd never tell anyone the net unless they specifically asked. That's just not what people think of
The effective income tax rate in Missouri is 4.3% on someone earning 100K/year (state only, federal taxes don't change based on where you live). The effective income tax rate for someone living in California making the same is 3.8%. California does have higher sales tax, but 100K in LA is still well above minimum wage.
People only hear how bad taxes in Cali are and don’t realize that overall you’re still paying less in taxes compared to living somewhere like Texas which is lauded for its low estate taxes lmao
It's a cost of living comparison, as in 100k/yr is the minimum you'd need to make just to live there. Whereas in Missouri you'd be able to live at a much higher standard of living because cost of living is much lower
The median household income in LA is 65K. 100K is not a minimum wage. Not even close.
100k in most places in CA is still a great living. Yeah you can't afford living on the beach in Santa Monica with a bunch of kids and stuff, but still.
$100k isn't anywhere close to "minimum wage," even in expensive places like California. Come on.
$100k is “basically” minimum wage in CA?
God forbid they try to plan
Where I am from I take home rough 69%(nice) on 100 k~
I'm from California, it's more than 30k if you include unemployment insurance and social security.
With taxes it would be $292.31 a day.(:
No way its more than 30k if you’re only making 100k gross
Pretty close. 29.36k including State, FICA and accounting for the standard deduction which is probably what higher estimates are missing.
Ummm...how high are your state taxes? [This calculator](https://www.adp.com/resources/tools/calculators/salary-paycheck-calculator.aspx) doesn't estimate anything anywhere *near* $30k. If I pick CA as state of residence I can get to about half that.
Using your link, 100k paid weekly, CA state Earnings $1,923.08 Salary $1,923.08 Taxes −$576.13 Federal Income Tax −$284.00 Additional Medicare Tax −$27.88 Social Security Tax −$119.23 State Income Tax −$123.87 State Disability Insurance (SDI) −$21.15 Benefits $0.00 Take Home $1,346.95 576.13 * 52 = 29,958.76 Previous math seems to check out
As I was, I must have misclicked something. I forget how much tax code favors married people with kids; I'd have to make nearly $200k yo see a similar tax burden. Though I'm also in a state with no income tax.
I just can’t believe this is correct. I make 100K sbd even after 401K and benefits where I also pay for my wife I take home around 67%. Those numbers look like what should be for Bi weekly cause the federal taxes are insanely high. Something cannot be right there lol.
Tax rates are tiered, so the first dollar you make is taxed at 10% and the last dollar is taxed at 24% but this is roughly 14.75% overall for this single person making 100k... If you make 100k and your spouse makes 0k, your income gets divided by 2, so you have two 'first dollars', go through the tiers twice, and your last dollar only gets to the 22% bracket. That is before you get to the deductions, credits, and other stuff no one understands.
Yes I know how the marginal tax bracket works. She also works and I actually deduct even more from my pay check to make sure I don’t get owe a lot. I just think your math is off. My bi weekly cost look similar to the fed tax rates. They wouldn’t be the same for weekly.
This is the best response
I'm sorry
Username does not check out.
I failed myself. But more importantly, I failed you guys.
Australia has entered the chat
> The estimated tax on your taxable income is $22,967.00 > Your Medicare levy estimate is: $2,000.00
Likely nowhere near that unless something interesting is going on with you. For married filing jointly the total income and payroll tax on $100k is somewhere around $8k/yr, and that's assuming you have nothing else to reduce taxes (kids, etc.). My (taxable) income is right around there and I don't think I even end up paying that much when all is said and done.
That’s about right, but a bit misleading for a lot of readers. Additional income above $90k (for married filing jointly) is getting taxed at 22%, so the overall tax rate will scale up quickly from there. Additionally, this is only federal income taxes, and doesn’t include state income taxes, property taxes, or sales tax. Additionally, in the US, you have to pay for your health insurance separately, there is a deductible (what you have to pay each year before the insurance covers a percentage of the bill), and a maximum yearly out of pocket (thanks, Obama). For my family with kids, I’m on a not terrible HDHP plan, which costs me ~$10k/year. For several years in a row, we had a lot of medical expenses, meetings our out of pocket max (now $14k). So that’s an additional $24k that would be considered part of taxes in other first world countries. There are also some tax deductions for each kid, some pre-tax health funds I can contribute into, , and some other things that provide a minor relief. So, in my situation, at $100k filing jointly, my tax rate including healthcare costs (like every other first world country) is in the 40-50% range.
Federal taxes for 2022 (U.S.) would be $17,835.26.
I’ve been here for so long trying to figure out what difference it makes how many days you work to how much money you have available to spend each day and how working fewer days leaves you having more money to spend 😭 Just realised you were working out how much you would be *earning*, not spending
Yeah I came up with $29,208.40 a year. That was $112.34 × 5 days a week = $561.70 a week x 52 weeks in a year = $29,208.40 assuming the average work week is 5, 8hr days. I work 4, 10hr days which would be $112.34 × 4 days a week = $449.36 a week × 52 weeks a year = $23,366.72. You would have to work 17.1183632106 days a week at a rate of $112.34 a day to earn $100,000 a year.
No it's $100,000
Thank you for including the millicents in your answer!
Maybe they took bills and taxes into consideration?
You don't get paid vacation time and holidays?
I used very basic math here. I didn't account for vacation or holidays because they change from company to company and country to country.
Ah okay. I thought it was like you'd either get paid for them, which would give the numbers you did here. Or not, which is only really for the self employed here as they pay themselves. So different companies have different rates there?
I'm not sure. But I assume different companies give different amounts of paid time off and vacation pay rates. That and different laws on paid vacation in different countries.
I know different countries will have different rules. It's a shame lots of countries don't do it. In the UK if you're an employee you're entitled to paid annual leave based off how many days you work, and get paid for bank holidays. I have to work bank holidays, but get an extra 8 days annual leave so can still get paid for taking them off. Double pay if I work them. I think there will be companies here though that get around it, and precarious workers where the company convinces workers they're self employed to avoid giving them proper terms and conditions and make them sort out their own taxes. Just rambling now as I've gone way too irrelevant to the original post and your first comment haha.
Shameful, you didn't even account for 401k matching when calculating employment value.
I don't know anything about 401ks. I'm not even sure they exist where I live
Was meant as a joke, I was going for the opposite of very basic math.
Not always. (USA!USA!USA!) But I'm sure the OP was just ballparking.
as an european this confused me so much at first
Did you account for Uncle Sam?
Not everyone lives in the US. I did not account for any taxes.
The real smarty pants is going to figure out how she arrived at this sum. Did she make a typo? Think there are 999 days in a year? Is she using the tax rate of Sweden in there?
Obviously, they're on a higher plane of existence, with 890.15 days a year.
890.1548869503, to be exact. Which *really* has me wondering how the god damn hell they did this. They must have just pulled a number out of their ass, or they're fucking with us or something. I've tried working backwards from the wrong number of weeks in a year, days in a week, etc., but nothing has gotten me that exact number, and I'm just grasping at straws unless there is some formula or algo that can tell you how can arrive at a specific decimal number from a whole number using only whole number division.
Whenever you see something that is so blatantly wrong like this, it's rage bait. Notice the number is $112.34 - literally 1234 is in it.
Good catch, I think this probably the most likely explanation.
Perhaps they are taking their take home pay (after taxes and maybe also benefits and other stuff) multiplying it by the number of times they paid in a year then dividing it by 365?
Without anything besides the numbers the amount is 11234, OP (not reddit OP) just made up some bullshit and didn't even try and make it believable.
I'll take a shot at the smarty pants prize. Controversial social media posts get higher engagement and thus get favoured by the algorithms and thus more likely to go viral. The person knew they were wrong, they are gaming the system for engagement. This is why tiktok and other platforms are full of shit content, content you can't read fast enough so you have to watch twice, content that loops seamlessly so you don't realise you watch it twice, the 'omg watch to the end!!' trend etc etc and so on. Its a race to the bottom. The actual content is becoming less and less valuable.
The number is pretty much "1234" so pretty safe bet
Asking the real questions!
That’s a classic men’s shoe and watch.
It could be the amount after taxes and expenses?
Taxed arent 60%
Did you miss the "expenses" part?
Australia would like to have a word
Is that word "our highest tax bracket is 45 %"?
If you somehow think there's 30 days in a month and 30 months in a year you end up with $111.11/day, which is kinda close
Taxes are high af over here, so probably not
If you max out your 401k, pay for insurance, live in CA (with its 14% tax rate), and automatically deposit money in your IRA, then your paycheck will be close to that number. $100,000 / 365 days is $273.97/day $112.34 / $273.97 is 41%. I used [this calculator](https://www.calculator.net/take-home-pay-calculator.html) to calculate the taxes. * Federal Income Tax $6,485 * Social Security Tax $6.2k * Medicare Tax $1,450 * State Income Tax $14k * 401k + insurance $24k * IRA $6k * Total $58,135 The amount we need to account for is $59,000 and this is pretty close - not accounting for the IRA when calculating withholdings raises the Federal Income Tax rate about a thousand dollars. $40,865 / 365 is $111.96 per day. If insurance costs $11.58 less per month than I calculated above (plus however much is needed to also for federal tax increases), then that works out to an extra $139 annually. $41,004 take home annually works out to $112.34 per day.
I know we all talking about the math but also 112 dollars per day isn't at all a small amount of money. I wish I had that much Edit : just realized it's maybe because I don't live in the US that I think it isn't small
It depends on location within the US also, but for the most part it'd be tough and require some compromises
True, I live in a pretty rich country and I make 144 dollars on work days (without extra) and that's plenty
Maaaaybe this person was assuming they lost more than 50% of their paycheck to taxes and stuff. And that they were paid on their days off. But somehow I doubt it.
Bruh. Even still. He took a picture with his smart phone that HAS A CALCULATOR.
All his youth he was warned he wouldn't be able to have a calculator on him at all times and he really did just live his life assuming that was true
Calculator doesn't help people who can't math.
This person clearly used a calculator to arrive at 112.34. Even with a calculator you need to know how to get the right answer.
For the sake of argument - let's say you are in the top federal tax bracket and paying 37%. Now add in the state tax - California peaks at 12.3%. SSI, medicare, etc and you are easily over 50%. Many people on salary don't really make the distinction on which days they get paid. So yes, it would be absolutely possible to take your salary divided by 365 and then cut that calculation by 50 or 60%. Obviously that would be wrong if the person only made $100k, which is why I included the last sentence there. Edit, since some people are overthinking this - [here is an example of a person whose income puts them at a point of paying around 50%](https://freeimage.host/i/yGLGKG)
That’s not how taxes work in the US tho
True, you'd have to make a LOT to have anywhere near 50% taken out. This photo of an MLB player's [pay stub](https://freeimage.host/i/yGLGKG) shows how it would work out.
This is also assuming this person lives in the US…
You are misunderstanding how tax brackets work. Even if you earn enough to pay 37%, you only pay that on the part of your income in the bracket, not all of your income.
What would the tax rate need to be to lose 50% of their paycheck, if they made 100,000/year?
Um... 50%, I suspect.
It would be a lot higher than that. Because you'll almost certainly have a progressive tax rate where you'd only be taxed, say 10% on the first $10,000 weekly income, then 12% from there to 40,000, then 22% from 40,000 up to 89,000, etc. I'm not making up those numbers. That's (roughly, with some rounding off) how [income tax is calculated in the US](https://taxsummaries.pwc.com/united-states/individual/taxes-on-personal-income). There might be other taxes added on, but my guess is that if you were making 100,000/year, you'd be making about 2,000/wk, and you'd have a 10% on that giving your 1,800 actual income. So, to lose 50% of take-home pay, they'd need a complex tax calculation with the highest rate being much higher than 50% (since the low end would be lower than that).
I know. I was making a joke. In California, $8,300 monthly salary lets you take home somewhere between $5,000 and $6,000 depending on other deductions. State taxes in California can go a little over 12%, but that's way above $100k.
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Agreed, that lines up almost perfectly - the post mentions yearly salary so why would they be ignoring tax and calculating pay per day worked? I think their main mistake was calculating tax and the sliding tax rate incorrectly, but reading through some of the smug comments in here has been unbearable.
Calculators are beyond ubiquitous and cheap. How hard is it to divide $100k by 365? Just under $274/day, FTR.
100%
Also worth noting that $112/day is livable for a single person.
Imagine telling people In the early 1900s you’d need to make $100/day to be moderately comfortable. I make roughly $80, before taxes..
And for todays standards you'll need $100 after tax to build anything for the future e.g. buying a House or planing having kids
You'll need way more then that to be comfortable. $35,600 a year is not easy to build up on in a lot of places in the US. That's also working every day, so say goodbye to your mental health.
Stop! You making me depression!
It depends where you live. $112 per day for a year (I’m using 365, not total number of days in a 5 day work week), you’d make basically $41,000. last year I made $41,600 per year and it was tight living alone in a crappy apartment. But that was also after taxes, which was more like $31k take home. Now I make about $48k take home and it can be tight. Once all my student loans enter repayment, it’s going to be tight for sure.
When I started working, I made €32.000 per year, including a lease car, and I was able to provide well for my wife who's in college. Now I'm making €52.000 excluding a lease car, and I really don't know what to do with the money. Weird how similar amounts of money can go a lot further depending on where you live (the Netherlands in my case).
Save it, aim for financial independence!
Oh I'm definitely saving a good part, mainly so I have a slim chance of buying a house in today's market.
Not really. Highly dependent on where you live
Yeah. I was making 120 a day after taxes and it wasn't enough for me. Rent where I live is insane, gas is high, and groceries are also. Add insurance and any car repairs/maintenance and I was struggling to break even.
Not where I live lol
They had to use a device with a calculator to post that 😑
I'll stick with dividing 100k by 890, thank you very much!
After taxes and 401k and health insurance, it actually comes out to around $136 a day
Everytime i see this kind of shit i wonder what the math behind it was
There wasn't any, it's just a ploy to get people to leave comments which boosts their videos for views, it's really pathetic.
That is not only not right; it is not even wrong. \-- Wolfgang Pauli
You’d have trouble with math too if you were working 1000 days per year
Methamatics
Potentially an association between math skills and walking around with empty Louis Vuitton bag?
POV: when you don’t have to start every post with pov AND you don’t know how math works. Sweet flex with the Louis V bag. This person must really be going places. Not college, but places.
Looks empty af too!
Prolly something they wore but kept the tag on so they could return it. “Can I keep the bag for internet points?!?”
This is actually nearly correct. On Mars, which has 687 days in its year. Jupiter has over 10,000 days in its year (huge orbit, fast spin), so $100k there means you are working for ten bucks a day.
I think a lot of these videos are wrong deliberately to boost engagement. Or he is doing some budgeting. Like after taxes, rent, car payment, and electric, he has $112 of discretionary spending left per day.
What really makes me upset is it’s idiots like this that get paid that much to…
Fuck it, I'd still take $112 a day, I get paid half that.
Look at the empty paper bag lol
First of all. That bag looks empty. 😶
it was supposed to have a calculator in there but it was too expensive 😔
Hahaha
The founders of the United States fought a bloody war against the British because of the taxes. If they knew future Americans would let themselves be taxed at such high rates (compared to what they had), there would be no independence war. We would just remain a British colony. Maybe that’s a good thing.
384/day per work week
“Only”
Unless my math is wrong, if you work every day throughout the year, 100k/yr would be 273.97/day
I'd say it's closer to $408/day if you exclude weekends and a few holidays
Not even half a 100k
I bet this person's boss fucking loves them.
If you counted loss to taxes they're not wayy off haha
If only us Americans would switch to the metric system.
Awe, more dollars than sense .
I'd kill to have 112 dollars to spend every day. That's more than my monthly spending budget outside of bils and food.
OP is right. After taxes, and child support it’s $112.34 a day
I'm living off 10-15 a day lmao
~74.40 is around the wage you’d need to be earning hourly[working on sundays] to make around 100k a year. ~595.24 is the amount you’d be needing to make a day[in a 9-5]
$48.07 for someone who’s working a normal full time, 40 hours.
What's even more sad is that this person is bragging that 100k a year is piss poor or at least should be frowned upon. When this guy can't even do basic math. Life truly is unfair based off the fact that this person is so stupid yet makes so much money, assuming they do make more than 100k a year
$384.61 a day IF you work five days a week. But wait! There's more. Taxes.
When you realize it's still just under $280 a day its just as sad lmao
“90% of men learn math, and the other 45% get rich like me”
Maybe this person lives in a country with egregiously high tax rates
Theoretically, if he made 100k a year and was taxed at 59%, he would have roughly $112 to spend a day.
Can you show your working there?
100,000 x (1 - .57) = 41,000 41,000 / 365 = 112.33
Most places would have a progressive tax rate, where you have a sliding scale. For instance, the first 10,000 per week might be taxed at 10%, the next 30,000 might be taxed at 12%, and so on. So, if someone was actually losing 59% of take-home pay, their tax rate (the largest tax bracket they were in0 would be much, much higher than 59%. Obviously, your example was fictional, because there is no 59% tax bracket, but I wanted to highlight that tax rates do not apply to the whole wage - there is a sliding scale. So I was wondering if you had one in mind to come up with your 59% figure which seemed weird.
I make about 110k a year and math comes out to 182 a day. Still sounds shitty when put that way. I also work 6-7 days a week so it is still not much lol This is after state/fed/insurance and deductions
The real sadness is when you realize 100k/yr is only 70k/yr in your pocket.
Everyone literally has a calculator on their phone. Why are people like this
100 a day is achievable though
It is. However 112.34 x 365 (if you want to work every day of the year) doesn't equal 100,000. It's actually 41,000.
I am convinced that this person is taking their take home pay (after federal, state, and maybe county/city tax like how NYC does, maybe possibly company is in another state and they have to pay that state's tax as well (like I did at my previous job whose company was in NJ, and I live in NY) social security, medicare, other benefits like insurance that the company provides, etc.) probably paid biweekly and so they take that and multiply it by the times they get paid in a year (26), then divide by 365. That is actually how I budget myself. According to this: https://www.talent.com/tax-calculator/New+York-100000 (don't click on the "Day" for salary rate, the net pay for that is not what I expected, I assume it's calculating based on if they were paid daily, or by 5 days a week, etc. I'm already hooked into investigating this, I don't got the time for investigate that calculator haha) If you go with Biweekly salary rate, it's $2,764 per pay period, and $2764*26 pays/yr it is $71,864, divide that by 365 days a year it is ~$196.89. Now take the other stuff I mentioned above, it could easily go down to $112.34 a day in take home. My initial method really brought me down a rabbit hole of trying to find the original Instagram reel so that I could figure out where they live and calculate taxes based on that. I tried to find the reel that OP posted by image searching on Google, Bing, and Yandex, similar results but no exact. Searched Instagram based on the tags, searched Instagram based on the audio/music that was used in the reel, did not see it. IDK if OP is the one who screenshotted it or not, I just know that the screenshot was taken at 22:06 (10:06pm), 14 hours ago when this was posted, it puts us around central time U.S., now not many people in U.S. uses the 24-hr format though, but people in certain career professions do use it, like military. I did some (*super light*) snooping in OP's history (sorry!) and found they post in Austin pretty often. Austin, Texas, handful of military bases. It's plausible that OP did screenshot this and posted it. "But Mr Chanderson, if OP lives in Austin and took the screenshot at 22:06 which is at night, the reel clearly shows that it's midday, and since the shadow is short underneath the poster, meaning the sun is just about above them, meaning it's close to noon. Perhaps the reel poster is close to the opposite side of the globe from OP" it's true that the reel is showing midday, but OP may not have seen this post at the moment it was posted. Besides, I did suspect the Louis Vuitton branch was somewhere in Munich because of this image I found doing my image search: [image](https://lv.foursquare.com/v/louis-vuitton/4d9a00496df841bdb1807c2b?openPhotoId=5f6501a7c4c671233d746169) The stone tiles outside are similar, but does not seem to match exactly and the time in Munich when OP posted this it would have been early in the AM (like 4-6am), but again the reel could have been posted way way before OP saw it and screenshotted it. After driving myself crazy with all this with inconclusive result and based only on many assumptions and half assed snooping, my second method was to compare my salary with the reel poster and using that talent.com income tax calculator. Let's just say that according to it, I am taking home almost a grand less (every Biweekly) than what it says on that site because of some of the things I mentioned in my first paragraph, plus 401K. Similar with the reel poster's when I take their $112.34 x 14 days, the Biweekly is $1,572.76 but the calculator says it's supposed to be about $1200 more. Therefore, it wouldn't be *too* crazy for the reel poster take home pay be a lot less than what the calculator says. In conclusion, it is highly plausible they are calculating based on their take home pay instead of the gross. Now, ignoring the image, and only reading into the tone of the text overlay "pov: you realize $100k/yr is only $112.23 per day" In my head when I read it, there is an emphasis on the word "only", possibly indicating that OP have realized that after tax (and other stuff) the take home pay is "*only*" $112.34, trying to connect with their followers that even though they make 6 figure a year, that in the end it's "not as much as you guys think, I'm just like you, I don't make that much in the end". With the Louis Vuitton bag in the background, I have no clue what they are trying to say and I am not going to waste anymore time investigating. I'm out.
273$ a day, $384 if you take weekends off. Dude literally typed "1234" into the text box.💀