Re:To Understand Rising Inequality, Consider Janitors
by gok on Sunday September 03, 2017 @02:32PM
(#15163011)
Nit: That 52.9% number isn’t quite right because you get to deduct your CA income tax against your federal income tax. So in practice even if you made a billion dollars in California, you’d pay $133M to the state then get federally taxed 39.6% on the remaining $867M, giving you an effective tax rate of about 47%.
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