Tuesday, February 26, 2008

It's a good thing I don't mind paying taxes...

Above the Law reports that if Obama implements his tax plan, big law associates are really going to be feeling the hit.  Thousands of dollars a year worth of a hit.  Is this a big deal?  Maybe so, maybe not - 1st year associates make a ton of money, granted, but a lot of them are paying back a ton of student loans. (think: $160k+interest vs. the $180k salary (inc. bonuses, which vary from firm to firm)).  Deductions for the loans notwithstanding, that's still a big bump in taxes.  As long as they're not being spent on a war, though, I won't complain.

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