Total tax paid
$28,525
Did you know your employer also pays tax on your salary? It costs the employer $4,834 to pay you $70,200. In other words, every time you spend $10 of your hard-earned money, $4.06 goes to the government.
Real tax rate
38.0%
So, with you and the employer both paying tax, what used to be a 33.7% tax rate now rises to 38.0%, meaning your real tax rate is actually 4.3% higher than what it seemed at first.