Local tax, social security tax, property tax if you own the place you live in.Originally posted by: shuttleboi
Where do you get that? If you have a 401K, you can bring that salary down to $100K/year. Looking at the federal and CA tax tables, you would owe $22K and $7K, respectively. That's about $30K of tax from a $100K salary, which is about 33%.Originally posted by: Acanthus
You do realize that your taxes are about 49% of your income at 110k right?