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Raise Impact Calculator
Calculate the real impact of a salary raise after taxes
Salary Information
$
%
+$4,000
$
Overrides percentage
$
%
Federal + State
$
New Salary
$84,000
💰
Annual Increase
$4,000
📈
Monthly Increase
$333
📅
Net Increase
$3,000
After tax
✅
Your Raise Impact
Gross Increase
+$4,000
After Tax
+$3,000
Per Month
+$333
New Monthly
$5,250
Salary Comparison
Lifestyle Impact Allocation
Recommended Allocation
Extra Savings (50%)
$1,500
Build emergency fund, invest, retirement
Debt Payoff (30%)
$900
Accelerate loan payments, credit cards
Discretionary (20%)
$600
Lifestyle upgrades, treats, experiences
10-Year Investment Potential
If you invest the extra savings at 7% annually:
$16,050
By investing $1,500/year for 10 years
Current Breakdown
Annual Gross:$80,000
Annual Tax:-$20,000
Annual Net:$60,000
Monthly Net:$5,000
Biweekly Net:$2,308
New Breakdown
Annual Gross:$84,000
Annual Tax:-$21,000
Annual Net:$63,000
Monthly Net:$5,250
Biweekly Net:$2,423
Making the Most of Your Raise
Smart Strategies
- Save at least 50% of your raise
- Increase retirement contributions
- Avoid lifestyle inflation
- Pay down high-interest debt first
Common Mistakes
- Spending the entire raise immediately
- Upgrading lifestyle unnecessarily
- Forgetting about increased taxes
- Not adjusting retirement contributions