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More like 800, I don't know why people like to exaggerate how much goes to taxes. Median marginal federal tax rate is 15%, which means on average it's less than
by c3534l 9y ago
More like 800, I don't know why people like to exaggerate how much goes to taxes. Median marginal federal tax rate is 15%, which means on average it's less than that.
- virgilp 9y agoDepends on country. Here, for a salary you typically pay 45% tax and the employer pays an additional 2.25% - so that's pretty close to the parent comment. (however, for e.g. stock gains you only need to pay 10%)
- vostok 9y agoI would be very surprised if the median HN user had a marginal tax rate of 15%. At last year's rates, I would expect something like 36%. Of this, 28% is federal, 1.45% is payroll, and 9.3% is state. These add up to more than 36% because of deductions.
- deleted 9y ago[deleted]
- klausjensen 9y agoHello from Scandinavia! (Ok, I don't live there any more but... )