$100k vs. $1.5 Million Salary After Taxes in California

  Рет қаралды 7,238

The Next Gen Business

The Next Gen Business

Жыл бұрын

This is what a salary of $100k vs. $1.5 million looks like after taxes in California!
FAQ:
How was this calculated?
We calculated these rates based on the average American earning these income amounts.
What taxes are included?
All income taxes for the state of California!
Why is sales tax not included?
We did not add sales tax to our calculations in this comparison of California's income taxes.
What about property tax?
Property tax is not included in our calculations for California. Just income tax!

Пікірлер: 27
@thenextgenbusiness
@thenextgenbusiness Жыл бұрын
What country/state/salary do you want to see next? 🤝👇
@heisenburg6380
@heisenburg6380 Жыл бұрын
India, Telangana State, $100,000 and $1,000,000
@Youraloser404
@Youraloser404 Жыл бұрын
Please do the same for Texas 😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮
@maxcohen13
@maxcohen13 Жыл бұрын
Oslo or Bergen, Norway
@maxcohen13
@maxcohen13 Жыл бұрын
And the ROI? A pat on the head. 😂
@Pork_Knuckle
@Pork_Knuckle Жыл бұрын
During a vaccination season: Patient: Does it guarantee immunity? Doctor: Only for the manufacturers.
@Trasher6
@Trasher6 Жыл бұрын
This should be played after receiving every paycheck and viewed 3 times on the day you are voting before you cast your vote. Let's see how many people will vote for more wasteful spending.
@hardlyb
@hardlyb Жыл бұрын
In CA, it wouldn't matter. That's why I left.
@Trasher6
@Trasher6 Жыл бұрын
@@hardlyb My kids and Grandbabies are here so I am staying here
@harisadu8998
@harisadu8998 Жыл бұрын
@@Trasher6 And that's exactly how they get you.
@tokyotoronto6028
@tokyotoronto6028 8 ай бұрын
50% tax ? what a thief.
@ming0234157
@ming0234157 Ай бұрын
The problem with that is, we are paying social security taxes to pay off the elders. the government is broke! sucked dried!
@Kulharg
@Kulharg Жыл бұрын
How do these actors live in LA? There’s no way they willingly give up over half their income. They have to have some good tax specialist
@isaaccais5121
@isaaccais5121 Жыл бұрын
Established ones are paid thru their own production company and its often incorporated it delaware, montana etc definitely not CA.
@julioarroyo931
@julioarroyo931 Жыл бұрын
They do, self employed also so you can fuck over the system so they don't jack you that much lol
@hardlyb
@hardlyb Жыл бұрын
@@benchoflemons398 True, but the kind of income does matter. I'm not sure this would work anymore, but when my best friend's dad sold his company (in NY in 1970), he was paid with an insurance policy which, when it paid out a couple of years later, was taxed at a very low rate. There are lots of other things a smart accountant can do if you have enough money. None of those were ever available to me when I lived in CA, but I do know of people doing them. These people all seem to be Democrats.
@ming0234157
@ming0234157 Ай бұрын
They set up charity fund. hahaha, just like any other rich folks.
@The.BeautyCode
@The.BeautyCode 11 ай бұрын
California California 😂
@dominicadrean2160
@dominicadrean2160 Жыл бұрын
What if no more income tax we need it badly in the West no really
@Abidist_Reacts
@Abidist_Reacts Жыл бұрын
🙂 a million a day 😍❤️
@Youraloser404
@Youraloser404 Жыл бұрын
Please do the same for Texas 😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮😮
@Omerkosar
@Omerkosar Жыл бұрын
Reasonable. If the rate was vice versa that would have been absurd.
@jagd408
@jagd408 Жыл бұрын
What incentive is there to even make money....this is absurd, the more you make, the more discount you should get.
@caylonmustiful9746
@caylonmustiful9746 Жыл бұрын
Keep thinking that while all of your big companies bring there jobs to texas.
@lucask4330
@lucask4330 Жыл бұрын
@@jagd408 taxes are progressive, so you only get taxed higher rates on the money you make past the cut-off point of the lower rate. IE, if you get taxed 0% if you make 20,000, and you get 15% 20,000-40,000, someone who makes 40,000 pays no tax on the first 20G and then 15% on the next 20G.
@ChrisMarc
@ChrisMarc Жыл бұрын
@@jagd408 exactly, 30% on 1.5 million would be a crazy amount even then
@sneckotheveggieavenger9380
@sneckotheveggieavenger9380 3 ай бұрын
50% tax and worst government services than a poor Balkan country
States with NO State Income Tax!!!! Tax Friendly States
9:05
World According To Briggs
Рет қаралды 512 М.
California, This Video May Trigger You - Watch At Your Own Risk
8:24
Valuetainment
Рет қаралды 2,5 МЛН
KINDNESS ALWAYS COME BACK
00:59
dednahype
Рет қаралды 148 МЛН
Living On $150K A Year in Los Angeles, CA | Millennial Money
8:19
CNBC Make It
Рет қаралды 414 М.
The (Overdue) Collapse of the 9-5 Job
12:27
How Money Works
Рет қаралды 2,4 МЛН
How to Avoid Taxes Legally in The US (Do This Now!)
10:41
ClearValue Tax
Рет қаралды 1,7 МЛН
Edward Snowden: How Your Cell Phone Spies on You
24:16
JRE Clips
Рет қаралды 18 МЛН
How To Disappear Completely and Never Be Found
14:20
Sumsub
Рет қаралды 3,8 МЛН
California's Shocking New Income Redistribution Scheme Exposed
2:53
Making 100k a Year - The $100K Lifestyle!
5:40
ClearValue Tax
Рет қаралды 132 М.
Grave concerns as California faces high-income earner exodus
2:05
Sky News Australia
Рет қаралды 445 М.
US Payroll Taxes Explained (Everything You Need to Know)
7:45
LYFE Accounting
Рет қаралды 92 М.
Living in Texas VS California | TAXES
4:22
Caleb Hammer
Рет қаралды 13 М.
KINDNESS ALWAYS COME BACK
00:59
dednahype
Рет қаралды 148 МЛН