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A comment on High taxes be damned, the rich keep moving to California. Parent comment
With no deductions, it's closer to $135k (24% tax rate). The marginal tax rate on 500k of income is only 35% (plus FICA, but that's 2.4%).
$45k in state (i.e. CA) taxes is about right.
Source: https://smartasset.com/taxes/income-taxes#ntLwScKyxG
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With no deductions, it's closer to $135k (24% tax rate). The marginal tax rate on 500k of income is only 35% (plus FICA, but that's 2.4%).
$45k in state (i.e. CA) taxes is about right.
Source: https://smartasset.com/taxes/income-taxes#ntLwScKyxG