Total tax paid
$27,515
Did you know your employer also pays tax on your salary? It costs the employer $4,834 to pay you $70,464. In other words, every time you spend $10 of your hard-earned money, $3.90 goes to the government.
Real tax rate
36.5%
So, with you and the employer both paying tax, what used to be a 32.2% tax rate now rises to 36.5%, meaning your real tax rate is actually 4.3% higher than what it seemed at first.