: When "someone makes X dollars a year in the US", is that gross or net income? I often hear/read the phrase "makes X dollars a year". Could you elaborate what this means? So, for instance, if someone makes 45 thousand a year

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That's gross income. So the ,000 a year would translate into 50 a month BEFORE taxes. (That's also before the more than 8% employee's Social Security and Medicare taxes, which "come off the top.")

In a sense, there is the potential for confusion. Corporate earnings are stated AFTER taxes. But personal earnings are stated BEFORE.