Then add in payroll taxes and state taxes if necessary
the 40%-60% rate is very reasonable (60% is on the high side) when talking about all taxes and not just income taxes (why would you just be talking about income taxes, anyway?)
also, it literally is true in other countries even just for the income tax:
At 60.2%, Denmark last year had the highest top personal income tax rate among the 34 countries in the OECD, an organization of developed and emerging countries. And that 60.2% applied to income over roughly $55,000.
I should have been clearer in my post. i agree, adding the taxes outside of only federal taxes, total taxes can be really high. Higher than what most people think. ---
