Pretax income refers to the money you earn before any taxes are deducted. It is the total amount of income you make from your job or business before any taxes, such as income tax or payroll taxes, are taken out. Full definition
For most conventional refinances, borrowers must be spending no more than 41 % of pretax income on all debts, including mortgage payments, student loans, credit cards and auto loans. (interest.com)
According to Ellie Mae, the average borrower with a new FHA loan spends 28 % of their gross, pretax income on housing costs — everything from mortgage payments and taxes to insurance and homeowner association fees. (interest.com)
Relying on 50k of pretax income for retirement is a tragedy. (biggerpockets.com)