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Money and Finances
Reply to "450k hhi - lifestyle (cars, houses)"
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[quote=Anonymous]This has to be fake or he wants to give himself a personal partner bonus. What's the partnership buy-in, i.e. how much do you have to pay the firm over the next five years? 250K? Also, you will now have to buy your own healthcare; ours costs $12K a year. Oh, and you'll like go to a higher tax bracket, so that's more money. Talk to your accountant, because you will now have to file individual taxes three times a year: gotta save for that. Also, at the end of the year you'll have to pay state taxes in every state the firm has an office. FYI, It can add up. It's likely that he'll bring home less this year than he did last year. Welcome to the lovely world of law firm partnership. [/quote]
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