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Yes. However, each state has its own income taxes and sales taxes. The marginal rate at 100k (the tax rate for each additional dollar earned) is higher (28% acc
by mikiem 14y ago
Yes. However, each state has its own income taxes and sales taxes. The marginal rate at 100k (the tax rate for each additional dollar earned) is higher (28% according to this article). In my city, in California: 7.75% sales tax, 10.3% state income tax... Oh, social security, Medicare... These add more. My point being that at 100k a California resident (for example) pays much more than 21.5% effective rate, and much more than 28% on each additional dollar earned.