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Most likely your parent misunderstands the _marginal_ income tax rates. That said, income tax is not the only kind of tax. In the US, federated government enti
by thephyber 3y ago
Most likely your parent misunderstands the _marginal_ income tax rates.
That said, income tax is not the only kind of tax. In the US, federated government entities mean a mesh of taxes accumulate. Income tax + Payroll Tax + Social Security + Medicare + Property Tax + Sales Tax aggregate. CA and NY are a little higher than other competing states, but not by much.