I used to have a really nice spreadsheet that calculated taxes as an expense for you so you could play with scenarios but I can't find it.
I'm in the middle of negotiating a pay raise and need to decide if I want to stay or go elsewhere.
Assuming the following:
Dual household income, one dependent child toddler.
Standard deduction
3.07% state + 1.5% local tax on all income (no deductions allowed, even no 401k deduction at the state level)
Current household income: 180k
Max two 401ks for a total of 39k
I am trying to increase my household income to 250k
If my expenses stay at the same level of 84k annually, how much more money would I have available to invest annually and if I invest all of it, how much does that cut down my years to FIRE?
If anyone can point me to a calculator that can help me with this, I would appreciate it.