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by rfrey 3443 days ago
That works out to 37.5% tax. I paid considerably more than that working in California when you include health insurance.
4 comments

California is consistently at the top of polls ranking by taxes paid. Sooo... it's not entirely fair to extrapolate to the USA from California, despite its size.

Two random results pulled from a search:

http://www.cnsnews.com/news/article/michael-w-chapman/califo...

http://www.nytimes.com/2013/02/07/us/millionaires-consider-l...

And high rents, but then they're also among the highest earners. It's not like you can easily find a $200k+/year software dev job in Montana.

edit: s/mo/year :D

You can easily find $2,400,000 / year software development jobs in California?
spez'd: parent edited OP to /yr from /mo
You pay more than 37.5% on a $50K salary?
Did you miss the fact that he added "you have to pay 1 or 2 months in income taxes" at the end?
Considerably more - that's surprising. Would you mind breaking out more exact numbers?
Just to use round numbers, here is a breakdown for a single person making $120k/yr in California at a typical tech company.

Monthly gross income: $10000

Federal tax $1494

Medicare $144

Social Security $616

CA Income Tax $751

CA Disability $89

Pretax deductions:

Medical $56

Dental $5

Vision $2

Monthly take-home amount: $6843 (68.4% of gross)

> Just to use round numbers, here is a breakdown for a single person making $120k/yr in California at a typical tech company.

Is that total cost to employer for that employee? Or are there additional expenses that are not considered part of employee gross income but instead fall under "employer pays for them" category?

Yes, there are taxes paid by the employer. I dislike infographics, but the text at the bottom breaks it down also:

https://framework.gusto.com/the-true-cost-to-hire-an-employe...

This sounds right