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by mercutio2
2993 days ago
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You seem to be confusing marginal tax rate with effective tax rate. People making 300k in California will pay between 33% and 39% effective tax rate (depending on marital status), including State, Federal, and FICA. And that’s without simple tax sheltering techniques like pre-tax deduction for health care, contributing to a 401k, and deducting mortgage interest. https://smartasset.com/taxes/california-tax-calculator |
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