$100k vs. $1.5 Million Salary After Taxes in California

This is what a salary of $100k vs. $1.5 million looks like after taxes in California!
FAQ:
How was this calculated?
We calculated these rates based on the average American earning these income amounts.
What taxes are included?
All income taxes for the state of California!
Why is sales tax not included?
We did not add sales tax to our calculations in this comparison of California's income taxes.
What about property tax?
Property tax is not included in our calculations for California. Just income tax!

[@thenextgenbusiness]

What country/state/salary do you want to see next? 🤝👇

[@heisenburg6380]

India, Telangana State, $100,000 and $1,000,000

[@dominicmartin1708]

Please do the same for Texas 😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮

[@maxcohen13]

Oslo or Bergen, Norway

[@Trasher6]

This should be played after receiving every paycheck and viewed 3 times on the day you are voting before you cast your vote. Let's see how many people will vote for more wasteful spending.

[@hardlyb]

In CA, it wouldn't matter. That's why I left.

[@Trasher6]

@@hardlyb My kids and Grandbabies are here so I am staying here

[@harisadu8998]

@@Trasher6 And that's exactly how they get you.

[@tokyotoronto6028]

50% tax ? what a thief.

[@anonyking]

All west countries taxes are like 40-50% unfortunately

[@maxcohen13]

And the ROI? A pat on the head. 😂

[@Pork_Knuckle]

During a vaccination season:
Patient: Does it guarantee immunity?
Doctor: Only for the manufacturers.

[@Kulharg]

How do these actors live in LA? There’s no way they willingly give up over half their income. They have to have some good tax specialist

[@isaaccais5121]

Established ones are paid thru their own production company and its often incorporated it delaware, montana etc definitely not CA.

[@julioarroyo931]

They do, self employed also so you can fuck over the system so they don't jack you that much lol

[@hardlyb]

@@benchoflemons398 True, but the kind of income does matter. I'm not sure this would work anymore, but when my best friend's dad sold his company (in NY in 1970), he was paid with an insurance policy which, when it paid out a couple of years later, was taxed at a very low rate. There are lots of other things a smart accountant can do if you have enough money. None of those were ever available to me when I lived in CA, but I do know of people doing them. These people all seem to be Democrats.

[@dominicadrean2160]

What if no more income tax we need it badly in the West no really

[@The.BeautyCode]

California California 😂

[@Omerkosar]

Reasonable. If the rate was vice versa that would have been absurd.

[@jagd408]

What incentive is there to even make money....this is absurd, the more you make, the more discount you should get.

[@caylonmustiful9746]

Keep thinking that while all of your big companies bring there jobs to texas.

[@lucask4330]

@@jagd408 taxes are progressive, so you only get taxed higher rates on the money you make past the cut-off point of the lower rate. IE, if you get taxed 0% if you make 20,000, and you get 15% 20,000-40,000, someone who makes 40,000 pays no tax on the first 20G and then 15% on the next 20G.

[@ChrisMarc]

@@jagd408 exactly, 30% on 1.5 million would be a crazy amount even then

[@sneckotheveggieavenger9380]

50% tax and worst government services than a poor Balkan country

[@Abidist2.0]

🙂 a million a day 😍❤️

[@dominicmartin1708]

Please do the same for Texas 😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮