Sunday, July 5, 2009

You didn't know it but, you are Wealthy





Of interest to all you managers of In and Out Burger, Yogurt shop owners, hair dressers, office workers, mechanics, etc.,
is that according to the state of California and, those pillars of society, Noreen Evans, Karen Bass and Darrell Steinberg, who demand more taxes cause you don't pay enough to cover all the welfare receipiants and illegal aliens,
if your salary is $47,056 or more per year, you get to pay the second highest income tax as a punishment for making such a high salary.
Dont worry, the highest of the high tax bracket doesn't kick in until you're at $1,000,001-whew. that was close, makes me feel alot better. (see the tax table below)

From Salary.com:
The tax table below will show in detail the California state income tax rates by income tax bracket(s). There are 7 income tax brackets for California. Income tax brackets data last updated March 3rd, 2009.

If your income range is between $0 and $7,168, your tax rate on every dollar of income earned is 1%.

If your income range is between $7,169 and $16,994, your tax rate on every dollar of income earned is 2%.

If your income range is between $16,995 and $26,821, your tax rate on every dollar of income earned is 4%.

If your income range is between $26,822 and $37,233, your tax rate on every dollar of income earned is 6%.

If your income range is between $37,234 and $47,055, your tax rate on every dollar of income earned is 8%.

If your income range is between $47,056 and $1,000,000, your tax rate on every dollar of income earned is 9.3%.

If your income range is $1,000,001 and over, your tax rate on every dollar of income earned is 10.3%.

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