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Re:Startups Are Scooping Up Big Tech’s Cast-Off Workers by cjdoc29 on Thursday May 11, 2023 @12:38PM (#35904654)
Can you expand on the "at least half" part?

On an income of $200k in California, for example, your tax rate is something like 8% (marginal). If you total it up with federal taxes, it's something like a 27% tax rate.

Re:Startups Are Scooping Up Big Tech’s Cast-Off Workers by bradlys on Thursday May 11, 2023 @12:41PM (#35904701)
Re:Startups Are Scooping Up Big Tech’s Cast-Off Workers by 0xBDB on Sunday May 14, 2023 @09:25PM (#35942961)
That appears to be the effective rate for income tax, but there are also sales taxes, "stamp" tax on things like houses and cars, excise taxes (especially on fuel), property tax, and inflation. I'm pretty confident you can get above half at a high income in California, New York, or especially Massachusetts.

You do get something for that, but it is surprising (to me anyway) for example how similar the percentages of GDP spent on social welfare are between the blue U.S. states and Australia, and how much more the Australians seem to get for the money.

Re:Startups Are Scooping Up Big Tech’s Cast-Off Workers by busterarm on Monday May 15, 2023 @07:59PM (#35956183)
> You do get something for that, but it is surprising (to me anyway) for example how similar the percentages of GDP spent on social welfare are between the blue U.S. states and Australia, and how much more the Australians seem to get for the money.

Most social welfare programs that people can get in NY are niche. You generally have to meet certain demographic requirements. It also takes years of paperwork and waiting to get into anything if you aren't a single/battered mother.

I paid well over 40% of my income in taxes and had no hope of ever accumulating any assets or meaningful retirement and zero safety net if anything went south for me. My friends in Denmark and Sweden only paid a little bit more for what is effectively a cradle-to-grave nanny state. And they all manage to own their apartments.

Re:Startups Are Scooping Up Big Tech’s Cast-Off Workers by thephyber on Thursday May 11, 2023 @12:49PM (#35904801)
Most likely your parent misunderstands the _marginal_ income tax rates.

That said, income tax is not the only kind of tax. In the US, federated government entities mean a mesh of taxes accumulate. Income tax + Payroll Tax + Social Security + Medicare + Property Tax + Sales Tax aggregate. CA and NY are a little higher than other competing states, but not by much.

Re:Startups Are Scooping Up Big Tech’s Cast-Off Workers by jen20 on Friday May 12, 2023 @06:32AM (#35914317)
Property tax is the one that people always forget in the US - especially when looking at places with “low” overall tax rates like Texas.
Re:Startups Are Scooping Up Big Tech’s Cast-Off Workers by busterarm on Monday May 15, 2023 @07:51PM (#35956121)
Also NYC has city tax roughly between 3% & 4%.
Re:Startups Are Scooping Up Big Tech’s Cast-Off Workers by reducesuffering on Thursday May 11, 2023 @01:59PM (#35905819)
While the overall isn't as high as 50%, at $200k, your marginal income tax rate is 42.75%, a sales tax rate of 10%, and a property tax rate of 1.25%.

So, after $185k, while you've probably already paid 7% ($14k prop) on your home, and probably another 1% (2k sales), leading to what could be considered 50.75% tax.

Re:Startups Are Scooping Up Big Tech’s Cast-Off Workers by adave on Friday May 12, 2023 @07:00AM (#35914510)
Wow and you have an appreciating asset(not really) and are buying stuff. It's way lower if you have a corp/LLC and just expense stuff along with reloc and depretiation. That said having a job sucks anywhere as you are the tax base.