Comment by blago

There is no need for exact numbers. I'm mostly interested in your tax bracket and effective federal and state rates. It sounds like you had a good year with a one-time payment that couldn't be classified as long-term gains, virtually no expenses, and you are probably filing as a single. That's the only way those numbers can make sense. Do you think this one-time fluke puts you at odds and you are being "squeezed by the working class"? Do you think your fluke-year taxes are representative? Do we really have a country or a CA-wide problem with 60% tax? Is there anything that you, or your company, could have done to better plan for this event?