Are you including FICA/Medicare in that effective tax? I was speaking only of the personal income tax. I guess you are somewhere between $150k and $300k if you're in the 33% marginal bracket, and 23% total tax would be about right for somebody in the lower end of that range when you include all taxes, not just the income tax. About 3/5ths of that, like 15% is the average effective personal income tax in that range.The Doctor said:I'm not - my effective income tax rate is 23%, my marginal is 33% and I'm not rich, nor do I have beau coup priveledged deductions. I'm just a typical 45 yr. old white collar professional!
If you really are paying 23% of your gross income in personal income tax on an income in the low six figures, for some reason you're paying considerably more than average.