3 ms·

Can I also ask how much tax people are paying?

• byoung2 10y ago
  on $175k married filing jointly put me in the 28% bracket federal (21% effective tax rate), 9.3% California tax rate (7.6% effective tax rate), 5.65% FICA, for a total of $60k tax liability. I reduced this with mortgage deductions, business expenses, home office, charitable donations, retirement and medical savings plan deductions.
• this_throwaway 10y ago
  63K taxes for 370K reported income. Edit: forgot the AMT.
  • eecks 10y ago
    I assume that is USD? That amount is mind boggling to me. I am making 50k usd (45k eur) with a few years experience. You pay more tax than I earn.
    • this_throwaway 10y ago
      Yes, USD. Experience count. After some more years of work, you could make as much.
      • ThePawnBreak 10y ago
        Not in Europe.