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cupton31
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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?

 
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‎June 4, 2019 12:25 PM
last updated ‎June 04, 2019 12:25 PM
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Marketstar
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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


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    ‎June 4, 2019 12:25 PM
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    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


    • ‎June 4, 2019 12:25 PM
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