From what I've seen I think it's around 38-40% state+federal when you reach about $200-300k then about 50% by $1m annual income... Might be better or worse this year with the new tax bill, not sure.
> Might be better or worse this year with the new tax bill, not sure.
Much better for those who can arguably restructure their salary as business income (e.g., real estate developers, some contractors), then they only get a 15% tax. Far worse for those who cant make that argument and live in high tax states like NY, CA, and many others.
Much better for those who can arguably restructure their salary as business income (e.g., real estate developers, some contractors), then they only get a 15% tax. Far worse for those who cant make that argument and live in high tax states like NY, CA, and many others.