Just did taxes. On $132,500k gross pay, we as a couple paid:
$9,050 Federal Income Tax = 6.8% (1040 line 63)
$8,220 Social Security Tax = 6.2% (W2 box 4)
$1,923 Medicare Tax = 1.5% (W2 box 6)
$ 4,134 State Income Tax =3.1% (location varies by state, "Net Tax")
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$23,327 or 17.6%
I'm very curious what other Mustachians pay, with different incomes, different sources of income, or from different countries!
We took the standard deduction, maxed our 401(k)s, maxed a dependent care FSA, and earned a couple thousand in taxable interest/dividends.