Total tax paid
$8.19
Did you know your employer also pays tax on your salary? It costs the employer $1.33 to pay you $60.01. In other words, every time you spend $10 of your hard-earned money, $1.36 goes to the government.
Real tax rate
13.4%
So, with you and the employer both paying tax, what used to be a 11.4% tax rate now rises to 13.4%, meaning your real tax rate is actually 2% higher than what it seemed at first.