Total tax paid
$26,768
Did you know your employer also pays tax on your salary? It costs the employer $5,250 to pay you $66,660. In other words, every time you spend $10 of your hard-earned money, $4.02 goes to the government.
Real tax rate
37.2%
So, with you and the employer both paying tax, what used to be a 32.3% tax rate now rises to 37.2%, meaning your real tax rate is actually 4.9% higher than what it seemed at first.