this post was submitted on 28 Aug 2024
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But that's as good as ~60k in a job where you pay taxes
I hope you pay an accountant to do your taxes, because that's way, way off.
If you earn $60k in a state like, NY, your take home amount will be $45,363
CA: $47,763
TX: $49,949
There are different countries with different taxes. And in some they can get close to 50%
yes and no. Yes, you can get up to 98% tax rate, I'm sure - but that's not how tax brackets work.
also, OOP is from the USA.