Hacker News Reader

HNHacker News

Top New Best Ask Show Jobs

Comment by oppositelock | Hacker News Reader

Parent Full thread

oppositelock·

Come to CA.

If you make over $66k, your income tax is 9.3%, going up to 13.3% if you make FANG money.

We have a roughly 10% sales tax.

You'll pay about 1.25-1.5% of your overpriced home's value in property tax annually.

And your car is going to cost you a few $hundred to register every year.

If you're a fan of any specific kind of tax, we've got them all here.

View on HN

> If you make over $66k, your income tax is 9.3%, going up to 13.3% if you make FANG money.

The marginal rate is 9.3% above 66k. If your AGI is $67k your taxes are ~$3000. There is no 13.3% bracket. There is a 12.3% bracket for marginal income above $677k, which fewer than 1% of Californians earn.

You pay surcharges not included in the base tax rate as income goes up. There's a 1% surcharge over $1M income that's from a passed proposition. I've never hit it, doubt that I will, but it's there.

pay to play. i don't get it, California should pay you to be here? im not aussie but i love their saying: what are you on about, mate?

all those taxes are super low imo, except maybe that property tax.

You also have to remember that in CA the assessed value of your home (on which your property tax is based) will never go up more than 2% per year. So while the property tax rate may be higher than some other places, if you stay in your home for more than a few years, the actual amount of property tax you pay will quickly be lower than it would be elsewhere.

In the US, you pay state tax and federal tax separately, so those are only the state taxes. If you're paying the maximum marginal rate in CA, you're also paying 37% federal rate and a 3.8% surcharge on investment income on top of that.

Reply on news.ycombinator.com