Overview
- The Instagram video by Yash Sharma went viral on Sunday after he broke down why a nominal ₹1 crore annual package in New York City may not feel large once local costs are counted.
- Sharma said federal, state and New York City taxes plus Social Security and Medicare can consume about 35–40% of the package, a figure repeated across multiple news reports.
- He estimated rent in a decent New York City area at roughly ₹2–3 lakh per month and said housing quickly eats into monthly take-home pay.
- Several Indian outlets ran summaries of the clip but noted the claims come from user-generated content and were not independently verified by those publications.
- The conversation highlights a common gap in cross-border salary comparisons: simple currency conversion ignores tax rules, payroll deductions, housing markets, healthcare costs and public services that shape real purchasing power.