3 ms·
They don't pay taxes in Bay Area? $100K/year - 35% - $1K/month = $53K/year $100K/year - 35% - $2.4K/month = $36.2K/year $130K/year - 35% - $2.4K/month
by oso2k 11y ago
They don't pay taxes in Bay Area?
$100K/year - 35% - $1K/month = $53K/year
$100K/year - 35% - $2.4K/month = $36.2K/year
$130K/year - 35% - $2.4K/month = $55.7K/year
- sgeop 11y agoYou aren't taking marginal tax rates into account. The tax rate you pay on the incremental 30k is higher than the average tax rate of the first 100k, which makes a significant difference.