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Unless they make ~$5M a year or greater. This calculator shows effective tax rate >50% at that point. https://smartasset.com/taxes/california-tax-calculator#7N
by withdavidli 10y ago
Unless they make ~$5M a year or greater. This calculator shows effective tax rate >50% at that point.
https://smartasset.com/taxes/california-tax-calculator#7N9mEql0b4 https://smartasset.com/taxes/california-tax-calculator#7N9mE...
Edit: it was 5M not 4M. Calculator shows FICA not maxing out. It'll get closer to 50% the more they make.