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Wait, how does that work? In California, the effective tax rate for an engineer is going to be in the ballpark of 40–45%. If somebody is making about double the
by tikhonj 6y ago
Wait, how does that work? In California, the effective tax rate for an engineer is going to be in the ballpark of 40–45%. If somebody is making about double then their income after taxes is about the same as your income before taxes. Even with a relatively expensive house (and high property tax), the effective rate is still not going to go far above 50%.