## Making Money in Physics

 Quote by clope023 I know someone who is, she got pretty lucky IMO but still.
I didn't say it was impossible for someone fresh out of school to earn that figure, just unrealistic to expect it.

 Recognitions: Gold Member Marry rich.
 woah I was expecting that $90,000 (of course, with 10+ years of experience, so when I am about 35) will become$80,000 after tax, but $120,000? Hmm I think I first need to know the real world :S  Quote by set woah I was expecting that$90,000 (of course, with 10+ years of experience, so when I am about 35) will become $80,000 after tax, but$120,000? Hmm I think I first need to know the real world :S
The income tax rate is approximately 30-40% in Ontario, Canada, so if you do the arithmetic:

$80000/(1-.3) =$114285.71

$80000/(1-.4) =$133333.33

(for simplicity, please note I am not taking into account deductions for the Canada Pension Plan, EI, or any corporate health insurance or pension contributions).

Mentor
 Quote by AnTiFreeze3 Marry rich.
Marry for money and you'll earn every penny.

 Tags applied, corporation, degree, money, physics