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by 3vidence 1175 days ago
FAANG companies like to give compensation in the form of stocks and other "bonuses" which are automatically taxed at 50% regardless of income.

With that being said I did miss speak. It's 42% effective tax rate (with nearly 0 back on tax return)

I can say I definitely dont make anywhere near 400k and idk if you know but Ontario is crazy expensive for everything

1 comments

It’s still hard to believe you can’t afford a car on that tax bracket.