In kansas, a married person who makes $190k (in entirely w-2 income) is at 35% before you even take into consideration property and sales tax... and the AMT.
If they are SE it's over 42%
you're confusing marginal rates with overall rates.
No. JFC, it's so obvious that's not the case.
I ball parked a 22.5% effective tax rate for someone in the 28% tax bracket. Added 5% for state income tax and 7.5% fica, voila 35%.
I'm sorry if I'm off 1-2%, you rough ridin' morons. Michigancat is just butthurt and acting like a baby, and you eff faces are only encouraging him.
AGI 190,000
Exemptions (6 X 4,000) 24,000
Standard Deduction ( 12,400)
154k taxable income
estimated taxes 31K
31k/190k = 16% effective FIT
And the chances that KSU takes a standard deduction is approximately 0. So my guess is that his effective FIT rate is closer to like 12%
And actually probably lower than that. Hopefully KSU and his wife are maxing out retirement contributions, which is a luxury of having a large income and reduces AGI. Also health insurance premiums are pre-tax money, as is interest on student loans etc.