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re: Here's a budget breakdown of a couple that makes $200,000 a year and yet is scraping by
Posted on 10/12/17 at 8:37 am to lynxcat
Posted on 10/12/17 at 8:37 am to lynxcat
quote:
A married couple gets standard deductions, personal exemptions, dependents that are going to push their effective tax rate well below 30% on the federal side. I’m not familiar enough with CA state and city tax to know the amounts there, regardless those should be separate line items.
I just assumed they are including state, county, and city income tax in their rate
Posted on 10/12/17 at 8:38 am to yellowfin
I was thinking 30% total effective tax might be low in CA at that income, if anything. But I don't know much about taxes.
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