If you’ve landed a job making $100,000 or more, the reality is not all of that money is yours for the keeping.
Federal income taxes and withholding for Social Security and Medicare will take a chunk. Then state and local taxes can take another bite. That six-figure salary quickly can shrink to a take-home pay of five figures. NTD spoke with risk consultant Derek Georgino for more insights. Mr. Georgino is also an NTD contributor.