Newbee tx question

[bebop86]

First time using this and it seems great- one question- on after tax income- I am putting income at $70K a year with a 22% income tax rate BUT in the column" after tax income" it shows around $63000- why does it not compute the 22% tax rate which would bring it around $55K- thank so much-

[jimr]

I'm getting $54,600 when I put income at $70k and income tax rate at 22%.

Could there be other income cash flows defined in additional inputs?

[bebop86]

thks- I think I figured it out- I put starting to take the income at 70 and I am 60 so I am assuming that the $63k i am seeing is after COLA is adjusted for that year-??? Does that make sense??- thks

[jimr]

Dollar amounts for future years are shown at their present (2018) value, so 70k in 10 years still shows up as $70k even though it is adjusted for inflation inside the simulation.

So I don't think that's what's causing the issue.