Stripe Will Pay Workers $20k to Leave New York and San Francisco

Re:Stripe Will Pay Workers $20k to Leave New York and San Fr... by andi999 on Friday October 02, 2020 @04:04AM (#24660244)

Wait, you only pay 40k tax on 400k? Or how much other taxes on salary are there in the US?

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Re:Stripe Will Pay Workers $20k to Leave New York and San Fr... by glenngillen on Friday October 02, 2020 @04:40AM (#24660459)

That’s just state tax (CA being one of the highest). They’ll have to pay the same federal rates as everyone else on top of that. I assume the reason for excluding it is that’d stay constant no matter where you live in the US.

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Re:Stripe Will Pay Workers $20k to Leave New York and San Fr... by andi999 on Friday October 02, 2020 @06:08AM (#24660943)

So how high would this be?

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Re:Stripe Will Pay Workers $20k to Leave New York and San Fr... by DavidPeiffer on Friday October 02, 2020 @07:04AM (#24661316)

Bad math, 110k in federal taxes and 15k in FICA (social security, Medicare, Medicaid).

https://smartasset.com/taxes/income-taxes

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Re:Stripe Will Pay Workers $20k to Leave New York and San Fr... by weebwoobfly on Friday October 02, 2020 @07:04AM (#24661315)

Probably between city, state, and federal just under 50% total.

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Re:Stripe Will Pay Workers $20k to Leave New York and San Fr... by mythz on Friday October 02, 2020 @04:36AM (#24660432)

He's just talking about California State Taxes, not Federal Income Tax.

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