8 ms·
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
by oppositelock 3y ago
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.