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> around 50% taxes between state, local. Truly? I believe he lives in Washington State. It's really HALF of his income?
by mostlysimilar 9mo ago
> around 50% taxes between state, local.
Truly? I believe he lives in Washington State. It's really HALF of his income?
- techgnosis 9mo agoWashington state does not have a state income tax, FYI.
- tracker1 9mo agoWhen you're talking millions in income it can be that high depending on your state... IIRC, as peer comment mentions, Washington doesn't have state taxes, you still have a nominal rate for Federal at 38% though, and I'm not sure about sales, property or other taxes, which again, likely approach or exceed 50% against total income. Just checked, seems it's now 37% for the top federal bracket... for what it's worth, I think it's amoral to tax more than half of what someone makes, regardless of how much they make.