How much is 100k after taxes California single?
As a single filer in California making $100,000 gold pieces (GP) per year from streaming raids, unboxing epic loot, and in-game tournaments, you‘ll get to keep around $70,041 GP after paying the tax boss.
Here‘s what your tax raid looks like on a $100k income:
| Federal Income Tax | – $17,836 GP |
| Social Security Tax | – $6,200 GP |
| Medicare Tax | – $1,450 GP |
| California State Tax | – $4,473 GP |
| Total Taxes | – $29,959 GP |
| Net Income | $70,041 GP |
So with $100k gold earned, you‘ll be left with around $70k after getting hit by taxes enemies coming from the federal, state, and FICA dimensions. Not fun!
How the Tax Boss Gets Stronger at Higher Levels
I know a lot of you solo gamers dream of making $200k+ GP through your streams and channels. But watch out – the tax boss scales up damage pretty fast.
At $120k GP, your total tax raid rises to $38k GP taken. And if you manage to solo carry your channel to $150k income, taxes steal around $51k of your treasured coins and loot.
When you unlock the $200,000 level bracket, the tax boss is dealing over $70k in crushing blows. So while you‘ll still have a good amount of gold leftover, just be ready to lose even more epic items to the tax dungeon.
Here‘s a chart summing it up:
| Income | Total Taxes | Net Income |
| $100k GP | – $29,959 GP | $70,041 GP |
| $120k GP | – $38,515 GP | $81,485 GP |
| $150k GP | – $51,174 GP | $98,826 GP |
| $200k GP | – $70,374 GP | $129,626 GP |
Secret Tricks from Gamer Accountants
Luckily, there are some pro gamer financial strategies you can use to keep more of your hard-earned gold and reduce taxes:
Max Out Retirement Accounts for Special Boosts
Contributing gold pieces to your Village 401k and IRA can unlock special tax reduction buffs and high interest rates on investments.
Write Off Gaming Expenses
Your gaming rig, 20-sided dice sets, new headsets, and game subscriptions count as business expenses which reduce taxable coins.
Donation Streams = Increased Mana Regen
If you donate to charities on streams, you regain mana by writing off donations and enlarging your streaming fanbase. Win-win!
Loss Harvesting Protects Your Inventory
Selling gaming items, tokens or investments at a loss offsets your taxes on future wins. I call this the "tax loss umbrella!"
Meeting with gaming accounting professionals can help discover even more tips and hacks for protecting your gold. Remember to bookmark their strategies because the tax boss dungeon isn‘t getting any easier!
I hope this guide gives you a better idea on how much gold you really keep from those juicy $100k+ incomes after tax battle damage. Let me know if you have any other questions!
