No, if they were making $100K, then taxes and witholding, etc. will leave them with roughly 65% of their gross.

So they'd actually be taking home closer to $5416 per month.

Still "sad" (given that average rental rate on a two-bedroom apartments is $2K+ per month in the general bay area), but not quite as much.

We will be doing this legally, which means paying ourselves salaries and paying taxes etc. etc.

I wasn't implying otherwise; and the figure I provided is what a typical employee should see in the San Francisco Bay Area.

I was just saying that the figures others were reporting were overly pessimistic.

Yes, but if they are collecting $100k to fund their work on this project over the next year, they will still be paying taxes ON TOP of that.

Ya, just had a flashback to a former paycheck...