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Like I mentioned in my reply to the child comment there are also many deductions apart from the standard deduction. There's no way someone with a $100k salary i
by jogjayr 9y ago
Like I mentioned in my reply to the child comment there are also many deductions apart from the standard deduction. There's no way someone with a $100k salary is paying > 30% effective tax rate even after taking into account state tax and FICA if they take advantage of any of the deductions (like 401k, IRA, FSA, commuter benefits, mortgage interest) available to them.
- jogjayr 9y agoDownvoters care to comment and tell me why I'm wrong? I'm talking plain numbers based on personal experience. This is not a matter of opinion.