Marginal tax rate in California is about 50% for highest bracket (37% federal + 12.3% state).
But 60k is nowhere near that number of course (and effective tax rate is lower than marginal). I’d be surprised if there are any countries where income at ~4x poverty line (for an individual) would have anything near a 50% tax rate, but I could be wrong…
that CA tax was copied from the us tax office website’s calculator. It does it by city, not just state, which I thought was interesting. (That number was from San Fran)
Marginal tax rate in California is about 50% for highest bracket (37% federal + 12.3% state).
But 60k is nowhere near that number of course (and effective tax rate is lower than marginal). I’d be surprised if there are any countries where income at ~4x poverty line (for an individual) would have anything near a 50% tax rate, but I could be wrong…
that CA tax was copied from the us tax office website’s calculator. It does it by city, not just state, which I thought was interesting. (That number was from San Fran)