🚀 go-pugleaf

thejoeschmoe@hotmail.com wrote:
: Hi,
:    can someone point me to a website where I can find state income
: tax information for different states ? I had found one recently but
: I am not able to locate it today. I tried all kinds of meta search
: engines etc to no avail.

     The state Franchise Tax Board web site (http://www.ftb.ca.gov/)
has tax forms and instructions from which you can figure out the
California income tax.

:    In particular, whats the state income tax for California ? Is
: it a fixed % or does that also depend on income ? What will it be
: for a single porson with 69k per year salary ? If I live in
: California (Bay Area) is there any other tax that will be taken
: out from my salary apart from Federal, State, and Social Security ?
: Is the Social security tax different for California than for other
: states ?

     California's income tax is graduated like the Federal.  The
maximum rate is 10%, as I recall.  California has a disability
tax that is also taken out of your pay check in addition to Federal
and state income taxes, Social Security, and Medicare.  Social
Security and Medicare are set by the Feds and are the same 
everywhere.

:    Is my 401(k) contribution exempt only from Federal tax?
: Or is it exempt from state income tax also ?

     It is exempt from California income tax.

:    Lastly, apart from rent(or buying a house) and gasolene, what
: else is significantly more expensive in the Bay Area ? For an 88
: toyota camry (I plan to use it forever) in decent shape, how much car
: registration fees and auto insurance do you think I will be paying ?

     I can't quote numbers but the Auto Club or the DMV could tell
you.  I don't think registration is much more expensive than other
states (2% of market value?), but insurance might be, depending on
where you live, your age and driving record, etc., and it is well
known that gasoline is probably more expensive in the Bay Area than
anywhere else in the country.