paying 50% tax on additional income worth it?

A few examples below for married couples net income after federal,state and local taxes. in a midwest state 400k --> after tax 277k 500k--> after tax 335k 600k--> after tax 390k Does the idea that even if we bust our tail and generate an extra 100k, at these income levels, your going to see roughly half of it go to uncle sam. Does this bother or kill the desire to do this for many of you unless there was some unexpected need for it? For me its an eye opener that it becomes this way... Read more
Source: Student Doctor Network - Category: Universities & Medical Training Authors: Tags: Psychiatry Source Type: forums