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The Californian would be taxed 42% of his 50,000th dollar. Overall I believe he's paying less than 26% of his entire income.
by eggoa 16y ago
The Californian would be taxed 42% of his 50,000th dollar. Overall I believe he's paying less than 26% of his entire income.
- petercooper 16y agoDoh, good call. I fell into the marginal vs total trap I tried to cover in my first paragraph, lol. I'll add a note.