Your communist mind is warped.
Estimated Federal Tax Share: Approximately 85% to 90% of your total tax payments go to the fed
Federal Taxes
Federal Income Tax: For 2025, the top marginal federal income tax rate is 37% for single filers earning over $626,350 and married couples filing jointly earning over $751,600. a significant portion of your earnings would be taxed at this rate. The Daily Beast+6IRS+6Fuoco Group+6
Alternative Minimum Tax (AMT): you may also be subject to the AMT, which ensures that individuals pay at least a minimum amount of tax. The AMT exemption for 2025 is $88,100 for single filers and $137,000 for married couples filing jointly, with the exemption phasing out at higher income levels. Tax Foundation
Net Investment Income Tax (NIIT): An additional 3.8% tax applies to net investment income for individuals with high incomes.
Estimated Federal Tax Share: Approximately 85% to 90% of your total tax payments.
State and Local Taxes (Illinois)
State Income Tax: Illinois imposes a flat income tax rate of 4.95% on all taxable income, regardless of income level.
Property Taxes: Illinois has some of the highest property tax rates in the nation. The average effective property tax rate is 2.07%-7% of a home's value. For a high-value home, this can result in substantial annual property tax payments.Illinois Policy
Sales and Other Local Taxes: Illinois also imposes sales taxes and other local taxes, which can add to your overall tax burden.
Estimated State and Local Tax Share: Approximately 10% to 15% of your total tax payments.
Summary
Tax Category
Estimated Share of Total Taxes
Federal Taxes
85% – 90%
State & Local Taxes
10% – 15%