Re:Facebook Q1 2018 Earnings Slides [pdf]
by whatabackend on Thursday April 26, 2018 @01:39AM
(#16929096)
Even making $100K+ in Cali puts you around 38% fed + state income tax.
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Re:Facebook Q1 2018 Earnings Slides [pdf]
by dragonwriter on Thursday April 26, 2018 @01:48AM
(#16929138)
> Even making $100K+ in Cali puts you around 38% fed + state income tax.
No, it doesn't.
It put you—in 2017, the number is lower in 2018—assuming no deductions—at a combined 37.3% marginal rate, but a substantially lower overall rate.
Re:Facebook Q1 2018 Earnings Slides [pdf]
by tomc1985 on Thursday April 26, 2018 @12:58PM
(#16933596)
My total outlay for 2017 was around 35%, taking 1 deduction, and my income is near that $100k mark. And I still had to fork over an extra $600 on tax day.
Re:Facebook Q1 2018 Earnings Slides [pdf]
by dragonwriter on Thursday April 26, 2018 @05:52PM
(#16936206)
On California state plus federal income taxes (the claim I was responding to) that's simply impossible even if you refer to AGI and not gross income before deductions. If you are including some other taxes, such as payroll taxes, it's possible but not the claim I was responding to.