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Re:Update to Ask HN: What to do if I’m about to lose my job ... by rayiner on Sunday October 07, 2018 @06:24PM (#18162933)
You're double counting the "Federal double tax." Also, the marginal Social Security tax is $0, since it phases out long before you hit those marginal rates.

That being said, the reason France can offer robust services while California cannot, even though tech worker taxes are similar between the two countries, is because France taxes everyone that way. In France, the 41% tax bracket (just a little lower than the top bracket of 45%) kicks in at 71,000 Euros (about $80,000). The U.S. federal rate in that bracket is 25%. Then there is the 20% VAT paid by even the lowest income people.

Re:Update to Ask HN: What to do if I’m about to lose my job ... by arcticbull on Monday October 08, 2018 @11:28PM (#18173104)
Yep, you're absolutely right, I did double-count the double-tax. Your comment had me re-run the numbers, and this is what I came up with. You are correct that Social Security goes down to $0.

Medicare contributions have no cap, and are 1.45% by both the employer and employee and the 0.9% Obamacare surcharges on the employee only portion (until 2035) kicks in over $250,000 also. Therefore, social insurance contributes a marginal 3.79%

So, the numbers to the best of my knowledge should have been:

13.3% of all income (State) +

39.6% of all income (Federal, including the Donny double-tax) +

2.34% of all income (Medicare, Obamacare - Employee Contributions) +

1.45% of all income (Medicare - Employer Contributions)

=====

56.69%

Then you still have to deal with the fixed portions, the $19,616 [1] in healthcare premiums, the $7,347 you'd have paid in social security tax and the $7,347 your employer would have paid in social security tax. [2]

[1] https://www.kff.org/health-costs/report/2018-employer-health...

[2] https://www.bizfilings.com/toolkit/research-topics/managing-...

Re:Update to Ask HN: What to do if I’m about to lose my job ... by dragonwriter on Monday October 08, 2018 @11:40PM (#18173159)
None of that is on all income; base Medicare is only on labor income, the Medicare surtax is on either (specifically, the lesser of) labor income or net investment income above certain thresholds, and the rest is on “normally taxed” income (but not, e.g., long-term capital gains, or gifts and inheritances—which, even when beyond the enormous exempt quantities, aren't taxed as normal income for the recipient, but to the giver or estate, and in California at a lower combined maximum state and federal rate than normal income tax, 40% federal and no state.)
Re:Update to Ask HN: What to do if I’m about to lose my job ... by arcticbull on Tuesday October 09, 2018 @12:44PM (#18177492)
And NSO stock options, which is likely very relevant to this audience.
Re:Update to Ask HN: What to do if I’m about to lose my job ... by anticensor on Monday October 08, 2018 @02:48AM (#18164698)
> France can offer robust services while California cannot,

France offers much more social security than whole US.

Re:Update to Ask HN: What to do if I’m about to lose my job ... by rayiner on Monday October 08, 2018 @10:11AM (#18167574)
Most of the US has much lower taxes than California.