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Marginal tax rate in places with most top earners, like California and New York, is around 50%, if you add together both federal and state taxes.
by xyzzyz 7y ago
Marginal tax rate in places with most top earners, like California and New York, is around 50%, if you add together both federal and state taxes.
- TulliusCicero 7y agoJust used a tax calculator, in Stockholm gross of 500k USD annually was net 210k USD: https://se.neuvoo.com/tax-calculator/?iam=&uet_calculate=calculate&salary=4671068&from=year®ion=STOCKHOLM https://se.neuvoo.com/tax-calculator/?iam=&uet_calculate=cal... In NYC it'd be net 284k: https://smartasset.com/taxes/new-york-tax-calculator#xyAZi4NK9M https://smartasset.com/taxes/new-york-tax-calculator#xyAZi4N... So yeah, it's much higher in Sweden. The effective tax rates are 58% vs 43%.