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re: Feeling broke on a $665K salary
Posted on 1/22/24 at 11:28 am to Puffoluffagus
Posted on 1/22/24 at 11:28 am to Puffoluffagus
quote:
Not sure where you got the 50% at any way, highest marginal rate is 37%.
If self employed add 15% for FICA if not it's still an extra 7.5% then assume there is probably a State tax of 5% or something similar so for that last $300k you are looking at about 50% tax rate.
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