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Income taxes in California + US Federal are high enough that I don't really think it's worth it to try to get my income above, say, $500k a year. So, for me, in
by sfblah 5y ago
Income taxes in California + US Federal are high enough that I don't really think it's worth it to try to get my income above, say, $500k a year. So, for me, income taxes absolutely disincentivize work. I actually had a second job for a while and quit it because of this.
- rnk 5y agoReally? Who doesn't want more money? Also, you're not necessarily working that much harder to make a million instead of 500k. Thousands of people who read headline news are making 500k a year in the software industry. The year I made a million dollars, a lot of it in stock from a fang company, I wasn't working twice as hard as the years I made 500k.
- sfblah 5y agoI hear you, but when half of that gets taxed away, it makes a difference. In my case, I've found I get a much better WLB at $500k.