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by ipaddr
859 days ago
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These are the rates and includes a over million 1% tax for mental support. California 13.3%
Hawaii 11%
New York 10.9%
New Jersey 10.75%
District of Columbia 10.75%
Oregon 9.9%
Minnesota 9.85%
Massachusetts 9%
Vermont 8.75%
Wisconsin 7.65% Tax burden is a different measurement including property. Parent poster has no property. |
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https://taxfoundation.org/data/all/state/tax-burden-by-state...
Ah, I see that was copied from the list of top tax rates rather than what most people actually pay:
https://turbotax.intuit.com/tax-tips/fun-facts/states-with-t...
So, yes, if you’re making millions per year in taxable income, California’s top rate is higher. That is not a concern for anyone outside of the 99.5th percentile, which is uncommon even in FAANG circles.
Tax burden is also the best metric to use because the money has to come from somewhere. If you’re trying to decide where to live, looking at state income tax only is as foolish as only looking at housing purchase prices without also considering your commute, utility, and maintenance expenses.