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minus-squareJustAnotherKay@lemmy.worldlinkfedilinkarrow-up11·2 months agoThe 30% rule is based off AGI (adjusted gross income) which accounts for some taxes but I don’t remember which. That’s not to say you’re wrong, by any means. Our economy is literally failing. The average person cannot meet their basic needs to survive
minus-squareDrusas@fedia.iolinkfedilinkarrow-up4·2 months agoI have always heard that the 30% rule is based on your gross income with no account for taxes included.
minus-squareJustAnotherKay@lemmy.worldlinkfedilinkarrow-up1·2 months agoI believe I’ve actually heard both, but most recently I was taught it via AGI
minus-squareCort@lemmy.worldlinkfedilinkarrow-up4·2 months agoAh agi makes more sense, since that’s before tax but after alimony and student loan interest payments.
The 30% rule is based off AGI (adjusted gross income) which accounts for some taxes but I don’t remember which.
That’s not to say you’re wrong, by any means. Our economy is literally failing. The average person cannot meet their basic needs to survive
I have always heard that the 30% rule is based on your gross income with no account for taxes included.
I believe I’ve actually heard both, but most recently I was taught it via AGI
Ah agi makes more sense, since that’s before tax but after alimony and student loan interest payments.