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A lot of international students will get a big surprise when they pay their tax. $100K may sound like a huge fortune where they come from but not a lot when it's said and done. For a single person living, working in NYC and make 100K gross, their 2013 effective tax rate may be 30-40% of their gross income.I have friends who make 100K+ salary and still paying interest for their undergrad student loan.
A lot of international students will get a big surprise when they pay their tax. $100K may sound like a huge fortune where they come from but not a lot when it's said and done.
For a single person living, working in NYC and make 100K gross, their 2013 effective tax rate may be 30-40% of their gross income.
I have friends who make 100K+ salary and still paying interest for their undergrad student loan.
