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Re:Stripe Will Pay Workers $20k to Leave New York and San Fr... by altdatathrow on Friday October 02, 2020 @03:03AM (#24659794)
There's a 6.2% federal tax for a government-backed pension (social security) that may or may not be around by the time people need it. Most Americans are responsible for their own retirement funding, usually via an employer sponsored plan (401k and others)

Either way, it has nothing to do with a state-level income tax.

Re:Stripe Will Pay Workers $20k to Leave New York and San Fr... by iso947 on Friday October 02, 2020 @03:15AM (#24659888)
whats federal income tax on 400k? Any other Federal taxes on top of income tax and socials
Re:Stripe Will Pay Workers $20k to Leave New York and San Fr... by reducesuffering on Friday October 02, 2020 @04:42AM (#24660481)
72-111k depending on marital status, house mortgage, and retirement savings. Typically 100k. There’s also ~15k for FICA: Social Security (small 65+ pension) and Medicare (65+ healthcare)[0]

Any other federal taxes to the individual are insignificant or investment related.

[0] https://smartasset.com/taxes/california-tax-calculator#pfVHM...