Landlords are trying not to rent to startups in San Francisco

Re:Landlords are trying not to rent to startups in San Franc... by owyn on Friday July 31, 2015 @12:31AM (#9979931)

At that income level, the federal tax is %28 and CA is %9.3, so about %37 yeah. Max is 33+12 = %45. There's also ~9% sales tax in most parts of california but every time you go out you better tip %20.

And for all that, we get to pay for our own health care and retirements too!

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Re:Landlords are trying not to rent to startups in San Franc... by kspaans on Friday July 31, 2015 @01:28AM (#9980070)

I said effective tax rate not marginal tax rate. It looks like US and CA income tax has brackets, so even if your marginal rate is 37% you won't be paying that rate on 100% of your income.

That said, I'd believe that if you include expenses like health care your net pay would be ~40% less than your gross pay. :P

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Re:Landlords are trying not to rent to startups in San Franc... by klipt on Friday July 31, 2015 @03:52AM (#9980499)

Don't forget social security taxes - flat 6.2% on your first $118.5k of earnings: http://www.ssa.gov/pubs/EN-05-10003.pdf

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