Total tax paid
$17,726
Did you know your employer also pays tax on your salary? It costs the employer $3,918 to pay you $48,500. In other words, every time you spend $10 of your hard-earned money, $3.65 goes to the government.
Real tax rate
33.8%
So, with you and the employer both paying tax, what used to be a 28.5% tax rate now rises to 33.8%, meaning your real tax rate is actually 5.3% higher than what it seemed at first.