Quote:
Originally Posted by marothisu
Income taxes are 4.95% - not sure how you came up with $200K/yr. Just under $100K/yr in income is when you'd pay $4900/mo in income taxes in Illinois. Income taxes really aren't bad in Illinois anyway - there's really only a handful of states like Tennessee, Texas, Florida, etc with 0% that are lower. Especially at most low 6 figure incomes even South Carolina, Arkansas, etc are higher than Illinois.
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well gross income for tax purposes is a bit lower (tax deferred things, since I assume people are saving for retirement, and pre-tax things like transit passes, not to mention exemptions), so it would probably have to be like 110k-120k to get to 4900/year. Not that it matters really.
But comparing salaries at UChicago to Vanderbilt suggests that a Nashville salary is ~80% of a Chicago salary.