25% Federal Income tax. 7.5% SSA or 15% if self employed. 7% State Income tax in MS. 7% sales tax on all purchases. PLUS property tax, gasoline tax, garbage disposal tax and many other small taxes. Once you take this away from your income you are left with about half of what you earn!
You should do the math and then tell us how much CA allowed you to keep. When I was living in the Bay area back in 1980, I calculated about 30+ percent.
25% Federal Income tax. 7.5% SSA or 15% if self employed. 7% State Income tax in MS. 7% sales tax on all purchases. PLUS property tax, gasoline tax, garbage disposal tax and many other small taxes. Once you take this away from your income you are left with about half of what you earn!
You got it. If you live in a state like CA, you might be left with 30%.
Feels like less my friend Ugg!
You should do the math and then tell us how much CA allowed you to keep. When I was living in the Bay area back in 1980, I calculated about 30+ percent.
I’m already bitter enough. I don’t need to be more so haha!
F