Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
cupton31
New Member

It looks like my effective tax rate is going to be 28.6% of my gross income. Is that even legal? Or is it just because I live in [removed] state California?

 
1 Best answer

Accepted Solutions
Marketstar
Level 7

It looks like my effective tax rate is going to be 28.6% of my gross income. Is that even legal? Or is it just because I live in [removed] state California?

See 2017 Tax Brackets

https://taxfoundation.org/2017-tax-brackets/

On this page, you will see tax brackets from 10%-39.6 %

Also see 2017 California Tax Rates and Exemptions

The maximum rate for individuals is 12.3%

https://www.ftb.ca.gov/forms/2017-California-Tax-Rates-and-Exemptions.shtml


  • View solution in original post

    1 Reply
    Marketstar
    Level 7

    It looks like my effective tax rate is going to be 28.6% of my gross income. Is that even legal? Or is it just because I live in [removed] state California?

    See 2017 Tax Brackets

    https://taxfoundation.org/2017-tax-brackets/

    On this page, you will see tax brackets from 10%-39.6 %

    Also see 2017 California Tax Rates and Exemptions

    The maximum rate for individuals is 12.3%

    https://www.ftb.ca.gov/forms/2017-California-Tax-Rates-and-Exemptions.shtml


  • View solution in original post

    Dynamic AdsDynamic Ads
    Privacy Settings
    v