Friday, January 2, 2015

Love, Marriage, and Taxes

I started thinking about the future during this year's winter break. What will I do after I get out of grad school? How much will I make? What type of life will I be able to sustain? I got to thinking about what type of salary I'd be able to command and what that'd look like each month. Then I realized that I hadn't accurately accounted for taxes, or the effect of marriage. I looked up federal tax tables (here) and realized it'd be a royal pain in the ass to try to calculate taxes for every individual salary I wanted to test, let alone accounting for marital status and whatnot. So, instead of doing each calculation individually, I decided to fire up Python and play with lots of numbers. If you want to see the calculations yourself, my python code is here (link). Here's the results!