Tuesday, December 13, 2011

How much do californians pay in taxes per year?

let me get this straight: there's federal income tax, state income tax, and payroll tax (SS and medicare). so for someone whose working in california and making $50,000 a year in taxable income, how much would get taken away from that total? i'm not quite sure how the math works, so can someone do it and explain it for us plz, all i know is that the more you make, the higher percentage of your income will be taxed

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