Re:Ask HN: Are there any tech companies throwing $$ at candi...
by jsiaajdsdaa on Sunday May 08, 2022 @09:20PM
(#31309527)
You are forgeting the 10% (aka $25,000) state tax in California which might be where this person is, which will bring them quite neatly to $95,000.
Re:Ask HN: Are there any tech companies throwing $$ at candi...
by dpark on Sunday May 08, 2022 @10:30PM
(#31309841)
If you choose to work remotely to save money, you’re probably not going to stay in California.
Re:Ask HN: Are there any tech companies throwing $$ at candi...
by jsiaajdsdaa on Sunday May 08, 2022 @11:42PM
(#31310361)
That is true, however only a handful of states have 0 income tax (making up for it instead with property tax), and most still have around 5-7%.
Re:Ask HN: Are there any tech companies throwing $$ at candi...
by anm89 on Sunday May 08, 2022 @10:30PM
(#31309848)
That's only federal. You could pay more than 100k on this.
Re:Ask HN: Are there any tech companies throwing $$ at candi...
by dpark on Sunday May 08, 2022 @10:33PM
(#31309870)
I know that pedantry is kind of a thing here, but people working remotely to save money aren’t generally living in a state like California.
Also for the sake of pedantry, you still won’t be paying 35% even with California taxes. Nor could you pay over 100k even in California, so far as I can tell, unless taxes go up or there’s other income at play.
These are weird numbers.
35% of 250k is not 100k. It’s 87.5. And you shouldn’t be paying 35% on 250k. 35% is the top tax rate you pay. Most of your dollars will not be taxed at that rate.
At 250k of income you should actually be paying about $70k in taxes.
But yeah, you’re not retiring in 5 years unless you’re retiring somewhere exceedingly cheap.