789
you are viewing a single comment's thread
view the rest of the comments
[-] tburkhol@lemmy.world 7 points 1 week ago

If you earn $50-200k, they you're in the 22-24% federal tax bracket, but probably pay 15-20% Federal income tax. Plus 7.65% payroll tax (also federal). Plus 5-10% state tax. Some cities have an income tax. But yeah: 25-35% total tax burden is pretty common for middle income people.

this post was submitted on 18 Jul 2025
789 points (97.1% liked)

Memes

51733 readers
1213 users here now

Rules:

  1. Be civil and nice.
  2. Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.

founded 6 years ago
MODERATORS