Re:Compare career levels across companies
by sl8r on Thursday November 01, 2018 @11:51AM
(#18355163)
I mean... the parent post is right, the site I linked seems to be calculating CA state tax incorrectly.
But: 42% is the effective tax rate (not marginal, average). And this is pretty close to 45%. For a hypothetical person making $500k or more as regular income in CA (as many of the posted salaries above would be), they would indeed pay about $210k in taxes plus Medicare plus Social Security.
Also yes; just pay the tax, and then some. It helps everyone. If the country is sane in terms of politics of course, and doesn't have the military as its biggest expense. That makes it clear they're more concerned with international affairs than their own people.