• hark@lemmy.world
    link
    fedilink
    arrow-up
    0
    ·
    3 months ago

    This is just federal income tax and doesn’t count tax contributions towards medicare and social security (which is capped after a certain level, so someone making $1 million a year pays the same toward social security as someone making the cap which is currently around $160k). It also doesn’t count state income taxes.