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Where are you getting 13.3%? Most likely a software developer is going to be in the 9.3% bracket. And it is also a graduated bracket system so you are only pa
by bcheung 10y ago
Where are you getting 13.3%? Most likely a software developer is going to be in the 9.3% bracket. And it is also a graduated bracket system so you are only paying that 9.3% on income over $51K.
See https://smartasset.com/taxes/california-tax-calculator https://smartasset.com/taxes/california-tax-calculator
On a $150K income you are going to be paying an effective rate for CA around 7%.
- linkregister 10y agoYou're omitting MediCal. It ends up being about 13% (marginal) after it is added.
- mercutio2 10y ago13.3% is the marginal tax for people making over $1 million/year in CA. People in that income bracket are not worrying about whether they should move to the Bay Area.
- bcheung 10y agoAre you referring to CA OASDI/EE? Not sure what MediCal is. You mean Medicare? That's federal. CA OASDI/EE is 0.9% but you only pay it on the first $100K or so.