you are viewing a single comment's thread
view the rest of the comments
[–] 7 points 1 year ago

If you earn $50-200k, they you're in the 22-24% federal tax bracket, but probably pay 15-20% Federal income tax. Plus 7.65% payroll tax (also federal). Plus 5-10% state tax. Some cities have an income tax. But yeah: 25-35% total tax burden is pretty common for middle income people.

  • source
  • parent