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andi999
2080 days ago
Wait, you only pay 40k tax on 400k? Or how much other taxes on salary are there in the US?
2 comments
glenngillen
2080 days ago
That’s just state tax (CA being one of the highest). They’ll have to pay the same federal rates as everyone else on top of that. I assume the reason for excluding it is that’d stay constant no matter where you live in the US.
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andi999
2080 days ago
So how high would this be?
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DavidPeiffer
2080 days ago
Bad math, 110k in federal taxes and 15k in FICA (social security, Medicare, Medicaid).
https://smartasset.com/taxes/income-taxes
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weebwoobfly
2080 days ago
Probably between city, state, and federal just under 50% total.
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mythz
2080 days ago
He's just talking about California State Taxes, not Federal Income Tax.
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