by Sazari » Mon Nov 26, 2012 2:21 pm
Single bro making 160k in NYC
$5718.80 in city income taxes (1706 plus income above 50k taxed at 3.468%)
$10562.78 in state taxes (6.85%of all income over 20k. The first 20k is taxed at rates from 4 to 5.9%)
$36923.60 in federal taxes (ranges from 10 to 28%, all income over $82k taxed at 28%, basic personal deduction of $5700)
FICA is $6324 (all income up to 102k taxed at 6.2%)
~55k-60k in taxes. That's 1/3
I will be accepting apologies VIA PM so as not to clutter this thread.