Originally posted by GeneV If he is a 1% now, then he was doing pretty well before. One could argue that the difference in after tax wages won't be a significant, either, since those dollars don't buy much.
The same thing happened here when people went to Alaska to work in oil.
Yeah, he was anyone whose an engineer in the oil industry is doing pretty well. Starting salaries out of school are in the high 70s and quickly hit six figures after a few years.
Originally posted by jeffkrol and that applies how? does he get his pay cut when he works in places like Ethiopia????
They actually get there normal US salary plus hazard pay if they send them somewhere like Nigeria or Ghana and when they are there they are usually living in company camps so they have virtually no living expenses and nothing to spend there money on so when they come back they have a huge bank account for essentially giving up a few months or years of their life.
Originally posted by yucatanPentax I think I read that the line for being in the Top 1% of the income in the USA means an annual income over $380,000.
It is somewhere around there, and I thought that it was just gross income not taxable income...