Total tax paid
$2,056
Did you know your employer also pays tax on your salary? It costs the employer $512 to pay you $8,996. In other words, every time you spend $10 of your hard-earned money, $2.29 goes to the government.
Real tax rate
21.6%
So, with you and the employer both paying tax, what used to be a 17.2% tax rate now rises to 21.6%, meaning your real tax rate is actually 4.4% higher than what it seemed at first.