> California state income tax is deductible from the federal taxable income
Not anymore ;_;
> I don’t know who seeded this meme that Americans pay low taxes.
Great question! It comes up all the time in conversations with my friends/family back home (France). They all have it in their head that I must pay 10% in taxes or something, but it’s really roughly the same when you scale for income differences etc. In fact depending on how you model it, I could argue that I proportionally pay more taxes than I would in France at a similar career level.
Not anymore ;_;
> I don’t know who seeded this meme that Americans pay low taxes.
Great question! It comes up all the time in conversations with my friends/family back home (France). They all have it in their head that I must pay 10% in taxes or something, but it’s really roughly the same when you scale for income differences etc. In fact depending on how you model it, I could argue that I proportionally pay more taxes than I would in France at a similar career level.