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That’s just state tax (CA being one of the highest). They’ll have to pay the same federal rates as everyone else on top of that. I assume the reason for excludi
by glenngillen 6y ago
That’s just state tax (CA being one of the highest). They’ll have to pay the same
federal rates as everyone else on top of that. I assume the reason for excluding it is that’d stay constant no matter where you live in the US.
- andi999 6y agoSo how high would this be?
- weebwoobfly 6y agoProbably between city, state, and federal just under 50% total.
- DavidPeiffer 6y agoBad math, 110k in federal taxes and 15k in FICA (social security, Medicare, Medicaid). https://smartasset.com/taxes/income-taxes https://smartasset.com/taxes/income-taxes