Most. Certainly the USA… Add up all personal taxes paid for income from city to county to state to federal. Don’t forget to add FICA - Medicare, social security (and the self employed additional amount), and any extras that may apply.
Quick math… A developer in CA bringing in 250k/yr (gross) is hitting the 35% fed bracket. Total effective tax just to the fed is almost 23%. State tax same shit effective tax rate is about 8%. City tax may apply, adding 1% or so. OASDI is 6.2%. Medicare adds 1.45%. But self employed so double those. And oops, you make too much so 0.9% Medicare additional tax… Add all that and it’s over 46%.
What country tax interaction has 45%
Most. Certainly the USA… Add up all personal taxes paid for income from city to county to state to federal. Don’t forget to add FICA - Medicare, social security (and the self employed additional amount), and any extras that may apply.
Quick math… A developer in CA bringing in 250k/yr (gross) is hitting the 35% fed bracket. Total effective tax just to the fed is almost 23%. State tax same shit effective tax rate is about 8%. City tax may apply, adding 1% or so. OASDI is 6.2%. Medicare adds 1.45%. But self employed so double those. And oops, you make too much so 0.9% Medicare additional tax… Add all that and it’s over 46%.