- May 2, 2009
- Professional Status
- Certified Residential Appraiser
Apple CEO Tim Cook had 51.9% tax withheld from his paycheck. It's higher than Hawaii and New York. Fed income tax is at 39.6% over $400,000 and another state 13.3% surcharge for earning over $1,000,000. As an appraiser, we have to pay 15.3% self employment tax. As a single businessman earning over $1,000,000, the total rate is 67.2% tax to the government. Outrageous.