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by jhall1468
3295 days ago
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> If you're in a marriage with two high earners (lets say > $500k household gross Well yes, if you are in the top 1% of wage earners in the US your effective tax rate is going to be pretty high. In fact, you'll pay around $200,000 in taxes on that, give or take (if you live in a high-tax state like California). But that's literally affecting 1% of the population, and they're probably doing ok. > If you earn much more than that, generally companies find other ways to pay you Most companies give equity in the form of RSU's rather than options, so income taxes hit immediately upon vesting. > And yes, FICA is definitely a tax. Yes they are a payroll tax, but just "adding" them into your income taxes is extremely misleading. Income tax is just that. FICA is a payroll tax. |
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