[DrC]

“$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.

[mainsail that]

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.

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Maybe, but most of his expenses are probably sales tax free. OR, he makes about $400K, something some figured out based on taxes paid. My guess is that he has one of those jumbo-mortgages to pay taken in the good old days of 2006-2007...

He’s right about one thing: the really rich, with tens of millions in income, apparently pay around 17% in total tax when averaged out. (I’m just pointing out the theoretical rate vs actual one. )