[quote=SK in CV]He’s overstated his tax rate by at least 10%. He doesn’t pay anywhere near 62 or 63% as he claimed. It can’t be anymore than 52%.[/quote]
Top Fed Rate (39.6) + Top CA Rate (12.3) + Full Fica + New surcharge (15.3 + 0.9) = 68.1%
Since he makes most of his money above the margin where these rates kick in most of his money is taxed at the full rates.
