>>Jim, just a curiosity, how you define 'very very' and/or 'crazy' level for taxes in numerical terms?
>
>I remember hearing, several years ago, that some famous Swedish director couldn't return home because he was wanted for tax evasion. But his taxes, it was claimed worked out to just over 100% of what he had earned. Now that's crazy!
>
>But in my head I'd go to 55% as being on the edge of crazy. Anything more would be crazy.
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>Just my opinion.

Would that 55% apply to the total tax burden or just the federal income tax? Right now a married couple earning 150k, living in California would enjoy a 28% federal income tax, 6.2% Social Security, 1.45% Medicare, a 10% state/local income tax in addition to $0.504/gallon gas and 7.25% sales tax.