[matteotom]

You also need to consider Fica (social security and medicare) and state and local taxes. Personally, my partner and I made about $470k last year and (filing MFJ) our combined rate will end up being about 28% ($80k federal tax, $30k CA state tax, $20k fica).

Which IMO should be higher! But also I'd want that to include universal healthcare (my employer and I pay combined about $20k/year or another 4% between premiums and deductible+copays) and generally a better social safety net.