Something does not compute. They exceed $250K by not much but pay $100K in taxes?
“$100K in taxes?”
That includes federal and state taxes. I’m guessing he might have included state sales tax. It’s hard to see how he’d pay an AVERAGE income tax rate of 40% even in Chicago.
Not defending it as much as saying it's at least possible.
Still, after all is said and done, the writer points out that the 'Wealthy' don't pay enough! I doubt he intended to sound just like those he is complaining about, but he does.