Good call. I forgot to take the standard deduction. Doing that brings my calculation down to 37%.

It’s really not. We pay a shit-ton of tax.

If you’re single in CA, earn $150,000 and own a home (although the property tax only contributes a few percent), your tax burden is 40%.

1. Federal Income Tax: $29,400
2. Medicare Tax: $2,175
3. Social Security Tax: $9,300
4. State Income Tax: $10,956.67
5. State Disability Insurance (SDI) Tax: $1,650
6. State Sales Tax: $1,750
7. Property Tax: $3,800
8. Fuel Tax: $522

Total=59,553.67

59.5/150=39.7%

But hey, at least this isn’t one of those European countries where they provide great social services but tax you like crazy! /s

Isaac Newton: Vigorously rubs roof of car