[seanmcdirmid]

> These are people that get taxed at 55% (top california income + top federal income + additional taxes).

Since income taxes are graduated, there is literally no one that pays 55%. Instead, you just approach that rate as your income rises (and never reach it since your front income is taxed at lower rates).

[vmception]

accurate that they are graduated and that it approaches the top tax rates.

you can have many dollars at the top tax rate. wouldn’t recommend.