News for hackers. Stuff that matters.
Re:UCLA professor says he's homeless due to low pay by mistrial9 on Sunday October 13, 2024 @11:17AM (#41828751)
his taxes in total are more than thirty six percent in California, and there is no mention of debt service costs.
Re:UCLA professor says he's homeless due to low pay by rconti on Sunday October 13, 2024 @11:33AM (#41828875)
I posted the smartasset tax calculator link in this thread but the upshot is his state taxes should be a bit over 4% effective, or about $3k.

Total effective tax burden (federal, fica, plus CA) on this pay amount for a single person with no other circumstances is just shy of 23%.