Brian, you're doing something wrong. 35% may be your incremental tax
rate, but with a similar income, my actual (paid) rate is below 15% (state
and fed). (divide "total tax" by AGI)


?? How do you manage that? The effective or actual tax rate for lower
incomes is still around 20%.

You're are way above "middle" class!


At $130K income, yes. By a factor of 2.


Brian D wrote:
Ooops, yes. You're right. The last increment of pay is what gets taxed at
that rate. I'll have to look and see what the net is.

Our net income tax rate, state & federal, is around 31%. That doesn't
include lost income from pre-payment of taxes, or local tax, property
tax, state sales tax (7% in NC, it was at 7.5% and will soon go back
up), etc etc.

I am not in favor of paying high taxes nor in favor of the gov't wasting
my money, but I *am* very definitely against people lying for some
political gain.

DSK