• KevonLooney@lemm.ee
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    2 months ago

    Use this tax calculator; it includes FICA, state taxes, and local taxes:

    https://smartasset.com/taxes/income-taxes

    No one is paying 40% total tax rate unless they are single, make $350,000+, and live in a high tax area (NYC, San Francisco). If you are married, you have to make at least $800,000 to pay 40% overall.