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One of the comments said people who make over $100K are paying 10% tax. That seems too low to me, I pay 30% tax. Am I doing something wrong?
by msoad 13y ago
One of the comments said people who make over $100K are paying 10% tax. That seems too low to me, I pay 30% tax. Am I doing something wrong?
- rdouble 13y agoThe comment is referring to the CA state income tax.
- sliverstorm 13y agoDon't forget the total amount subtracted from your paycheck includes: - Federal taxes - State taxes - Social Security - Medicare If you make 100k and pay 30% to California, your take-home would have to be like 40k, because the Fed will be taking some ~20% (effective; marginal rate would be 28%) and SS+Medicare is another chunk.