Self-Employed; Licensed In LA, California; Sole Propr.; Making 1 million Per Annum... (deductions, income)

[Trillion]

...what is the tax rate for this individual, before deductions/write-offs?

Trying to settle a debate with someone.

[MrRational]

Originally Posted by Trillion

...what is the tax rate for this individual, before deductions/write-offs?

Trying to settle a debate with someone.

single?

• 10% on taxable income from $0 to $8,500, plus
• 15% on taxable income over $8,500 to $34,500, plus
• 25% on taxable income over $34,500 to $83,600, plus
• 28% on taxable income over $83,600 to $174,400, plus
• 33% on taxable income over $174,400 to $379,150, plus
• 35% on taxable income over $379,150.

you do the math

[user_id]

Both federal and California income taxes are bracketed so talking about their "tax rate" isn't that meaningful. You have the marginal rate and than the total rate....

[a34dadsf]

Assume ~35% of the net income.