2 ms·
The 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
by mikeash 9y ago
The 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.