The Complete Tax Planning Guide for High Income Earners

by Kincaid and Le Companies LLC

If you earn $200,000 or more per year, you are paying an effective tax rate somewhere between 28% and 42% when you combine federal income tax, state income tax, FICA taxes, and the Net Investment Income Tax. On $300,000 of income, that means $84,000-126,000 goes to taxes every year.