View Single Post
Old 07-01-2007, 03:00 PM  
pocketkangaroo
Confirmed User
 
Join Date: Jan 2005
Location: Chicago, IL
Posts: 8,452
Quote:
Originally Posted by Axeman View Post
Your forgetting about state income tax which most states have. for $100k rate your looking at about 9% on top of the 28% federal.

Now if your in one of those states with no state income tax, then yes its a savings and you can pay for your increased health care and hope they don't ever try to fuck you.
Only a couple states have rates as high as you state. And the ones that do, are progressive, and only effect the top couple percent of income earners. 20% of the states don't even have a state income tax, and the most of the rest are only a couple percent.
pocketkangaroo is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote