Total tax paid
$42,448
Did you know your employer also pays tax on your salary? It costs the employer $4,834 to pay you $107,000. In other words, every time you spend $10 of your hard-earned money, $3.97 goes to the government.
Real tax rate
38.0%
So, with you and the employer both paying tax, what used to be a 35.2% tax rate now rises to 38.0%, meaning your real tax rate is actually 2.8% higher than what it seemed at first.