Because the upper echelon of incomes are taxed at a higher rate, what is the point where it is beneficial to earn a lower salary? For example, if someone makes 100k but is taxed 30%, he will be better off than someone making 110k taxed at 50%. What is the cutoff, where say the lowest income is 80k, where it would be better to choose the lower salary to avoid the higher tax rate and therefore lower overall take home salary?
Also, are bonuses taxed differently than incomes?
I reside in San Francisco, CA. Thanks!