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Asked by: Long
Let’s say someone is making roughly $ 40-45k/year (in california)
Rob on Feb 22, 2013
figure 25 -30% take out of your pockets.
that is why folks move to TX 20% taxes.
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chatsplas on Feb 22, 2013
State and federal and SS and Medicare withholding, will take 25-40%, depending on your filing status, how you complete your w-4,
How much you pay in tax is determined when you file return and determined by your filing status, whether you itemize or take standard deduction, whether you contribute to 401k or IRA, or When you repay student loans
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