re: #380 Gus 802

So conceivably if you make $1,000,001...

The IRS gets to take $450,000.45.

Leaving you $550,000.55.

That's just the Fed tax.

I think you need to check on that calculation, Gus. It's my understanding the 45% figure applies only to income over $1,000,000. Your first million is taxed at a lower rate. Please correct me if I'm wrong.