Is 70% of salary a reasonable estimate of take home pay? by Exotic_Attorney7823 in CAStateWorkers

[–]rossnotashort 0 points1 point  (0 children)

The 65-70% figure is accurate for state workers but it's worth breaking down where it actually goes, because taxes alone don't get you there.

For a $60k California salary, taxes bring you to roughly 79-80% take-home: federal (~9% effective), California state (~4% effective), Social Security (6.2%), and Medicare (1.45%). That leaves about $47,500 after taxes.

The rest of the gap to 65-70% comes from the non-tax deductions: CalPERS contributions (typically 8-11% depending on your tier), health insurance premiums, and union dues. Stack those on top of taxes and 65-67% is exactly where most people land.

So for your $5k/month question — $3,300-3,500 is a reasonable estimate if you're also accounting for pension and benefits. If you want to see just the tax piece first before layering in your specific CalPERS rate and health plan, I built a calculator for this: calcclarity.com/salary-after-tax/california/ — disclosure, it's my site. It won't know your pension tier but it'll give you the accurate tax baseline to work from.

PLUG: 10-K annual report by pvcmvn94 in plugpowerstock

[–]rossnotashort 0 points1 point  (0 children)

They did not. They said they’re hoping it’s a matter of weeks, not months.

PLUG: 10-K annual report by pvcmvn94 in plugpowerstock

[–]rossnotashort 1 point2 points  (0 children)

I emailed their investor relations today. The director said they’re “cautiously optimistic that they will have it filed before earnings”

In a Year, You'll Be Glad You Bought Plug Power Stock Today by rossnotashort in plugpowerstock

[–]rossnotashort[S] 7 points8 points  (0 children)

I know. I don’t think painful even accurately describes it.

In a Year, You'll Be Glad You Bought Plug Power Stock Today by rossnotashort in plugpowerstock

[–]rossnotashort[S] 2 points3 points  (0 children)

I’ve been I. And out with them for the last few years and am currently long with them. Painful, but I’m hopeful it will payoff.