Making Money in Physics

StatGuy2000

I didn't say it was impossible for someone fresh out of school to earn that figure, just unrealistic to expect it.

AnTiFreeze3

Marry rich.

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

StatGuy2000

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).

Vanadium 50

Marry for money and you'll earn every penny.