[Zanni]

Please show your work. The top marginal rate in the US is 35% plus state taxes of up to 12.3% (California). If you can arrange to take your income as long term capital gains or qualified, you can get the federal rate down to 20% (but you're still on the hook for state taxes).

[rurp]

I'm talking about rates people actually pay. The listed tax rates are fairly meaningless once individuals pass a certain amount of wealth. Effective rates increase to a point and then drop precipitously once a person has enough wealth to game the system. The richest Americans pay a rate of less than 10%.

https://www.whitehouse.gov/cea/written-materials/2021/09/23/...