Re:In NYC and SF, You Need a $300k Salary to Take Home $100k...
by PopAlongKid on Saturday April 15, 2023 @12:02PM
(#35581862)
The smartasset paycheck calculator seems grossly inaccurate. I started with the default example, single taxpayer with $66,833 annual salary. For such a taxpayer, with no dependents, no other income, and standard deduction, in 2023 the effective federal tax rate would be 10.4%, while this calculator shows federal income tax withholding at 15.44%, quite a huge difference. This example taxpayer is greatly over-withheld and would receive a nice refund at tax filing time, but the report fails to take that into account.
Edit: also, Honolulu is at the top of their list but not in the title.
Article delivers what you’re looking for - a salary comparison.