[FoRK] today

Adam L Beberg beberg at mithral.com
Sun Jun 2 21:34:23 PDT 2013


Stephen D. Williams wrote on 6/1/2013 10:47 PM:
> Rates are progressive from 1% to 9.3%, and stretched for couples and
> head of household.  For HoH, the 9.3% rate doesn't kick in until
> $93,532.  That means that the first $93,532 is taxed at a 4.4% rate.  A
> fairly large range works out to about 5% in both Virginia and
> California, making them essentially equivalent.

For single people it's:
"For earnings between $46,766.00 and $1,000,000, you'll pay 9.30% plus 
$2,059.00"

If you can afford to live here, that puts the vast majority of your 
income at the 9.3% rate. Even a noob is going to get ~100k + stock and 
bonus, so 2/3 is at 9.3%. And if you're married, you're both working, so 
the numbers all double but the rates still 9.3% on almost all your income.

Of course, that's only if your poor. Rich people have deductions :)

-- 
Adam L. Beberg


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