25% Federal tax bracket
9.3% CA tax bracket
5% (Lose $50 child tax credit per $1000, x3 kids regardless of # of kids)
13.75% (Lose $275 of partial tIRA deduction per $1000, in the 25% bracket, x2 adults)
7.65% FICA
0.9% CA SDI
61.6% TOTAL
It's worse:
25% Federal tax bracket
14.415% = 9.3% CA tax bracket * [$1550/$1000] (change in AGI per $1000 of higher income, due to tIRA deduction phaseout)
7.75% (Lose $50 child tax credit per $1000,
x3 kids regardless of # of kids) * [$1550/$1000] (change in AGI per $1000 of higher income, due to tIRA deduction phaseout)
13.75% (Lose $275 of partial tIRA deduction per $1000, in the 25% bracket, x2 adults)
7.65% FICA
0.9% CA SDI
69.465% TOTAL
The 68.565% calculated in the
case study spreadsheet and displayed in the chart in a previous post did not include the 0.9% CA SDI.
Fortunately this rate applies "only" to ~$5000 of income and drops to "only" ~47% for a long stretch thereafter, but it is a very real rate for that $5000.