Comment on $31.71: The hourly pay it now takes to afford Silicon Valley rentparentComments−grecy12ySo let's say tax is 35% -$413 / 40 = $10.30/hr + 35% = $14/hr of your pre-tax income going to rent.That's still an absurd amount of money being spent elsewhere if you're earning $31/hr (pre-tax) or approx $20/hr post 35% tax.
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So let's say tax is 35% -
$413 / 40 = $10.30/hr + 35% = $14/hr of your pre-tax income going to rent.
That's still an absurd amount of money being spent elsewhere if you're earning $31/hr (pre-tax) or approx $20/hr post 35% tax.