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That's a disingenuous representation of how much extra state income taxes are paid. 13.3% is the rate for single income above $1,000,0000. A richly paid SV work
by reducesuffering 6y ago
That's a disingenuous representation of how much extra state income taxes are paid. 13.3% is the rate for single income above $1,000,0000. A richly paid SV worker making $500k single pays 8.75% to the state of CA effectively.[0]
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https://smartasset.com/taxes/california-tax-calculator#6NtLsojWoj https://smartasset.com/taxes/california-tax-calculator#6NtLs...
- misiti3780 6y agoFair, then maybe we can agree on the following: "If your household income is > 1MM and you live in California, it is not surprising that you would want to leave"
- sonotmyname 6y agoWe're talking about Elon Musk here - effectively all of his income is going to be at the 13.3% rate