Total tax paid
$35,234
Did you know your employer also pays tax on your salary? It costs the employer $403 to pay you $70,144. In other words, every time you spend $10 of your hard-earned money, $5.02 goes to the government.
Real tax rate
49.9%
So, with you and the employer both paying tax, what used to be a 49.7% tax rate now rises to 49.9%, meaning your real tax rate is actually 0.2% higher than what it seemed at first.