Total tax paid
$689
Did you know your employer also pays tax on your salary? It costs the employer $141 to pay you $4,300. In other words, every time you spend $10 of your hard-earned money, $1.60 goes to the government.
Real tax rate
15.5%
So, with you and the employer both paying tax, what used to be a 12.8% tax rate now rises to 15.5%, meaning your real tax rate is actually 2.7% higher than what it seemed at first.