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My friend told me it is about 18.5% for married. But I saw withholding tax is not more than 10% in most web pages. Can somebody explain me why? Are there other taxes?

Thanks.

2007-07-02 19:25:36 · 2 answers · asked by A Z 1 in Business & Finance Taxes United States

2 answers

If you look at Page 6 of the PDF linked below, you will see that the highest tax bracket for California individual income tax is 9.3%. It would not make sense to withhold more than that unless you are withholding extra to compensate for something (like self-employment income on the side that will generate extra taxes).

2007-07-03 04:32:11 · answer #1 · answered by Anonymous · 0 0

State tax rates range from 1% to 9.3% depending on income, with a 1% additional tax on income over a million dollars, so what your friend told you is overstated. See http://www.taxadmin.org/fta/rate/ind_inc.html

This of course is in addition to federal tax.

2007-07-03 04:31:40 · answer #2 · answered by Judy 7 · 0 0

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