andrew
Nov 30, 1919, 12:00 AM
Post #2 of 2
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The law changes every year, but, roughly speaking, it is as follows: the top bracket is taxed at a marginal rate of about 35% - this applies to everything above something like US$18000/year, lower rates for smaller amounts (there are no additional state or local collections). The good thing is that, if your employer's accountants are good, you'd get lots of things tax-deductible ("culture", "medical" expenses and such). Major employers would also, probably, take care of your filing (you could file yourself, but it would save you little). On balance, probably, expect to pay 25-30% of your sallary - assuming, of course, you are paid a "US-style" wage.<p>
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