3 ms·
In California, you will be paying 30-40% in taxes (Federal, State, Social security etc) if you have a well paying tech job paying more than 250K USD. Even after
by RestlessMind 5y ago
In California, you will be paying 30-40% in taxes (Federal, State, Social security etc) if you have a well paying tech job paying more than 250K USD. Even after those taxes, you will be taking home 60% of your pretax income, which is around 150K USD per year. After accounting for very high living costs (3/4K rent, 1/2K living expenses, insurance premiums), you can still have 20-30% of your pre-tax income.
Also, if you have heard crazy stories about American healthcare, rest assured that a tech job paying you 250K USD will also offer you very good insurance that you don't have to worry about it generally. I am an immigrant, did this exact calculation and am living a far better lifestyle than what I could ever afford in my home country.
- yummy_box 5y agosomehow you are assuming you can only make 300k in Cali paying 40% taxes?
- throw8932894 5y agoMy estimate is about 50% on 300k/year, just taxes no living expenses. But main reason is tax unpredictability. I would have to pay small fortune on accountants and it still does not guarantee, there wont be fines latter. If you are partially self employed, and receive part of salary in crypto.. Things get complicated very quickly. I am not worried about healthcare. It is just ultra expensive if you want good quality.