Re:A Visa for founders, engineers and investors willing to j...
by rfrey on Monday January 16, 2017 @12:47PM
(#13411557)
That works out to 37.5% tax. I paid considerably more than that working in California when you include health insurance.
[ Parent
| on HN ]
Re:A Visa for founders, engineers and investors willing to j...
by inanutshellus on Monday January 16, 2017 @01:04PM
(#13411692)
California is consistently at the top of polls ranking by taxes paid. Sooo... it's not entirely fair to extrapolate to the USA from California, despite its size.
Two random results pulled from a search:
http://www.cnsnews.com/news/article/michael-w-chapman/califo...
http://www.nytimes.com/2013/02/07/us/millionaires-consider-l...
Re:A Visa for founders, engineers and investors willing to j...
by ddebernardy on Monday January 16, 2017 @01:59PM
(#13412016)
And high rents, but then they're also among the highest earners. It's not like you can easily find a $200k+/year software dev job in Montana.
edit: s/mo/year :D
Re:A Visa for founders, engineers and investors willing to j...
by jjawssd on Monday January 16, 2017 @02:03PM
(#13412052)
You can easily find $2,400,000 / year software development jobs in California?
Re:A Visa for founders, engineers and investors willing to j...
by jjawssd on Monday January 16, 2017 @07:58PM
(#13414376)
spez'd: parent edited OP to /yr from /mo
Re:A Visa for founders, engineers and investors willing to j...
by woobar on Monday January 16, 2017 @01:51PM
(#13411961)
You pay more than 37.5% on a $50K salary?
Re:A Visa for founders, engineers and investors willing to j...
by Joky on Monday January 16, 2017 @06:09PM
(#13413863)
Did you miss the fact that he added "you have to pay 1 or 2 months in income taxes" at the end?
Re:A Visa for founders, engineers and investors willing to j...
by adventured on Monday January 16, 2017 @12:58PM
(#13411641)
Considerably more - that's surprising. Would you mind breaking out more exact numbers?
Re:A Visa for founders, engineers and investors willing to j...
by fancy_pantser on Monday January 16, 2017 @01:36PM
(#13411889)
Just to use round numbers, here is a breakdown for a single person making $120k/yr in California at a typical tech company.
Monthly gross income: $10000
Federal tax $1494
Medicare $144
Social Security $616
CA Income Tax $751
CA Disability $89
Pretax deductions:
Medical $56
Dental $5
Vision $2
Monthly take-home amount: $6843 (68.4% of gross)
Re:A Visa for founders, engineers and investors willing to j...
by balfirevic on Monday January 16, 2017 @03:14PM
(#13412627)
> Just to use round numbers, here is a breakdown for a single person making $120k/yr in California at a typical tech company.
Is that total cost to employer for that employee? Or are there additional expenses that are not considered part of employee gross income but instead fall under "employer pays for them" category?
Re:A Visa for founders, engineers and investors willing to j...
by e28eta on Monday January 16, 2017 @04:42PM
(#13413285)
Yes, there are taxes paid by the employer. I dislike infographics, but the text at the bottom breaks it down also:
https://framework.gusto.com/the-true-cost-to-hire-an-employe...