> California + Federal taxes are something like 46% 49.3% is the top rate you'd ... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

		jedberg on Jan 30, 2020 \| parent \| context \| favorite \| on: Home Price-to-Income Ratios > California + Federal taxes are something like 46% 49.3% is the top rate you'd pay in California at the highest bracket (or 50.3% if you make over a million) . If your income is over 2 million a year you'd pay an effective rate of 44%. If your income is $200K, your effective rate is about 34%.

chii on Jan 30, 2020 [–]

at higher and higher incomes, it makes more and more sense to try and deduct income via investment costs (such as interest on borrowing). So your optimized effective tax rate would be a lot lower.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact