California taxes

U.S.A. California

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Hey everyone. I'm curious as to how much the state tax rate of 13% seems to impact your take home pay? It's possible that some nurses are pushed into the higher tax bracket of 28% some these two combined would be 41%. Adding Medicare and SS withholdings, we're getting very close to 50% of your earned income.

does anyone with an out of state perspective have an opinion in this?

thanks in advance.

I live in Los Angeles, and after my retirement, benefits, and taxes my take home is 59% of my gross. BUT 9% is retirement which is technically MY money, so really only 32% is benefits and taxes, and my stupid parking pass.

I think people forget benefits are retirement are not taxes.

Now, property taxes in CA are ridiculous (unless you bought your house a long time ago), but that's another topic.

Thats 9 percent the UC takes is still 9 percent pretax cash not in your pockets!

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Specializes in BMT.

Trust me, I'll be glad when I retire to have it there. Social Security is not enough these days. It's still mine, to take with me wherever I go. You don't lose it, if you leave before you're vested you take it with you, and if you're vested you also take whatever UC contributed. It's your/my money. So no, it doesn't count. They're not taking it away from you, it's yours.

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Trust me, I'll be glad when I retire to have it there. Social Security is not enough these days. It's still mine, to take with me wherever I go. You don't lose it, if you leave before you're vested you take it with you, and if you're vested you also take whatever UC contributed. It's your/my money. So no, it doesn't count. They're not taking it away from you, it's yours.

Of course. But op is asking for take home value. At cash value, 10 percent is sizable enough when considering life style, family size and mortgage. Not arguing that it is not financially a huge safety net. 401 and 403 really doesn't do jack by itself.

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Specializes in Emergency, Trauma, Critical Care.

I take home around 3k a check and 1500 goes to taxes/retirement. So about 33%. It does suck, but I only work part time and where I live the housing prices aren't atrocious. If I work a little OT and can make 3500 every two weeks. We can't leave, too much family here and it's where I've lived most of my life.

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Specializes in Psych ICU, addictions.

I lose about 30-35% of my gross to taxes and pre-tax retirement contributions. Granted, I claim deductions with my main employer and list single/0 on the rest of the jobs so enough tax gets taken out. It's not the greatest but it could be worse--it could be New York.

The strangest thing that I learned about taxes in California is that if you itemize (which I have to given my investments and properties), California taxes any state refund that you get. Seriously, I got a refund in 2013 for $50, and I had to declare it as income on my taxes this year. I paid taxes on my refund O_o

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