In California as a single person, with only the standard deductions and not deducting anything else (no health insurance or 401k) you would have to make 210k to pay 1/3 of your salary. If you pay $100 a month in health insurance premiums and put 5% into 401k then you have to make over 275k to pay 1/3 of your salary in income tax
1/3, huh? You must be a high-earning Californian or New Yorker. I don’t think anyone else pays that much.
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Top tax rate in California is 12.5%. and it marginal so only the portion you make above the cutoff is what’s taxed at that percent.
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Those tax rates are marginal. That’s not the literal rate you pay.
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You’re right. I’ve been trying to correct you. It seems like you’re wrong.
In California as a single person, with only the standard deductions and not deducting anything else (no health insurance or 401k) you would have to make 210k to pay 1/3 of your salary. If you pay $100 a month in health insurance premiums and put 5% into 401k then you have to make over 275k to pay 1/3 of your salary in income tax
Completely false