This is incorrect. The de facto US national income tax is 40%. When added to California state income tax, it is 53%.
That means the state confiscates a majority of your income. But hey, at least they’re fixing the potholes, right?
If you then give money to a person beyond the gift tax exemption while you’re living or dead, cut that in half again.
Don't expect...
- Your media buyer to be a great ad creative strategist.
- Your ad creative strategist to be a great on-camera talent.
- Your on-camera talent to be a great ad editor.
- Your editor to be a great ad strategist.
- Your ad strategist to be a great media buyer.