![Anon on Taxes [1440x2065 - 387KB]](https://pic8.co/sh/FjIUld.png){kind=link}
You don't have to doubt it. Look it up yourself.
$100,000 income minus $24,800 standard deduction that all married couples get at a minimum = $75,200.
Look up the tax for $75,200 in taxable income for married filing jointly in the 2020 1040 instructions (irs.gov) (it's $8,632).
Subtract $2,800 child tax credit = $5,832.
That's your federal income taxes: 5.8%.
Then lookup the income tax for $65,998 taxable income (married couples get an additional $9,202 deduction) in California's 2020 tax calculator (webapp.ftb.ca.gov) (it's $1,614).
Total income taxes from $100,000 is $1,614 + $5,832 = $7,446. 7.4% of $100,000. Add in FICA taxes and you get $15,096, or 15.1%.
You don't have to doubt it. Look it up yourself.
1. $100,000 income minus $24,800 standard deduction that all married couples get at a *minimum* = $75,200.
2. Look up the tax for $75,200 in taxable income for married filing jointly in the [2020 1040 instructions](https://www.irs.gov/pub/irs-pdf/i1040gi.pdf) (it's $8,632).
3. Subtract $2,800 child tax credit = $5,832.
That's your federal income taxes: 5.8%.
Then lookup the income tax for $65,998 taxable income (married couples get an additional $9,202 deduction) in [California's 2020 tax calculator](https://webapp.ftb.ca.gov/taxcalc/?Submit=2020+Tax+Calculator&Lang=english&redirectURL=OTC) (it's $1,614).
Total income taxes from $100,000 is $1,614 + $5,832 = $7,446. 7.4% of $100,000. Add in FICA taxes and you get $15,096, or 15.1%.
(post is archived)