February 26, 2008
A Cost of obama
If you are typical mid-level lawyer living in New York City an obama victory in November may cost you the equivalent of a $34,000/year pay cut.
I suspect most folks will have little sympathy fsomeone who grosses around $280,000/year.
Nevertheless, everyone should include an analysis similer to that in the linked article in making their own decisions about who to vote for. Do you come out ahead or behind on a straight tax basis? What will be the financial impact on you of other economic and social policies? Do you value the things that the taxes will be used for? If you come out ahead is it because you earned it or because the difference is coming out of someone else's pocket? How do you fell about that?
Of course, it may well be worth a $34,000 pay cut to many folks in this category to assure a discontinuance of some of the presidential policies of the past 7 years.
Posted by Steve on February 26, 2008
