this post was submitted on 25 May 2025
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In California, yes. Moreso because taxes keep rising but services keep dwindling.
Youβre fucking high, California income taxes are very well structured. At $880k my taxes after deductions were like $30k.
I'm not American, is this a joke or do you really pay 3.5% effective tax rate?
They probably have a really good tax guy, especially if they're making that much. Average is typically 15-30%, and it usually depends on how you go about your taxes. Depending on deductions, especially if you own a business, and the more you can pay a (high level) tax guy, the less you pay in taxes. It really do be like that.
Disgusting.