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Reply to "The balance: saving too little vs saving too much. AND Tesla"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]http://www.paycheckcity.com/calculator/salary/ 240,000 Salary Pay Frequency Bi-weekly Married 0 Exemptions State Maryland Deduction 1: 401K=20% Deduction 2: 529=4% Net Pay $3,866.67[/quote] Which is $8300 / month. [/quote] And I'm not sure the taxes work out correctly because all the income is being attributed to 1 person. There may be a marriage penalty. Also, health insurance is generally pretax, but the 529 is only pretax for state, not federal or FICA. [/quote]
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