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American salaries are listed as pre-tax figures. Lower end jobs often don’t include health insurance at all, and those that do will usually require the employee
by mikeash 9y ago
American salaries are listed as pre-tax figures. Lower end jobs often don’t include health insurance at all, and those that do will usually require the employee to pay for a substantial portion of it.
- nunez 9y agonet income is pretty close to gross income in income-tax-free states. everyone everywhere pays some form of property taxes, so that's moot.
- mikeash 9y agoState income tax is not generally the important part. From a quick search, the highest rate in the nation is 13.3% in California. The Federal income tax rate tops out at 37%, and there's also 7.65% Federal payroll tax.
- nunez 9y agoYes it is because that 13.3% is on top of your federal taxes (which don't change). A Californian making $150k is making $20,000 less than a Texan making $150k. That's sizeable! And Californians pay more in property taxes!
- mikeash 9y agoThe 13.3% bracket starts at around a million dollars a year. Where do you get $20,000 from? A single person with no dependents with that income would pay about $11,000 in state income tax and $37,000 in federal income tax.
- nunez 9y ago150*0.133. That's still $11k coming out of your pocket for the privilege of living in California.
- mikeash 9y agoAnd that’s still $37,000 making a huge difference between your net and gross income. I don’t dispute that state taxation makes a difference. I dispute that it makes such a huge difference.