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If he's truly taking home $200,000 out of a $350,000 salary, he's got some horrible tax planning going on. He should fire his accountant.
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At an effective rate of about 43%, yes. he should; however, given his overall attitude, I have doubt about his claim of a $200,000 take home. To me it smacks of the John Fogerty song, "Fortunate Son":
Some folks are born silver spoon in hand,
Lord, don't they help themselves, oh.
But when the taxman comes to the door,
Lord, the house looks like a rummage sale, yes
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