Total tax paid
$4.11
Did you know your employer also pays tax on your salary? It costs the employer $0.65 to pay you $29. In other words, every time you spend $10 of your hard-earned money, $1.42 goes to the government.
Real tax rate
13.9%
So, with you and the employer both paying tax, what used to be a 11.9% tax rate now rises to 13.9%, meaning your real tax rate is actually 2% higher than what it seemed at first.