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Don’t forget Californians pay at least a 7.25% sales tax. And counting only individual FICA taxes is really just an accounting trick. Merely accounting for em
by twoodfin 3y ago
Don’t forget Californians pay at least a 7.25% sales tax.
And counting only individual FICA taxes is really just an accounting trick.
Merely accounting for employer FICA “contributions”, and $70K in California gets you to a 30% marginal rate.