Total tax paid
$15,545
Did you know your employer also pays tax on your salary? It costs the employer $1,965 to pay you $65,500. In other words, every time you spend $10 of your hard-earned money, $2.37 goes to the government.
Real tax rate
23.0%
So, with you and the employer both paying tax, what used to be a 20.7% tax rate now rises to 23.0%, meaning your real tax rate is actually 2.3% higher than what it seemed at first.