Pete C. > wrote:

>You have to make at least $100,000 in order to be in the 28% bracket.

This is just the FIT. You're not counting FUTA, FICA and Medicare taxes.
They add up to 22% on the first $7000 in earnings, and then 15% on amounts
up to the current FICA limit (around $107,000).

So the total marginal tax rate when you enter the 28% bracket could be
around 43%, depending on your filing status.

And then there's state tax; even in states without state income
tax, there is about 1% in state disability tax.


Steve