Okay, so you live in California or NY and you're hitting a federal cap around the 32% mark on the progressive tax rate.

Ofc not counting social security, medicare, and that state tax that is around half as much as what you are paying federally (which is more than double many other localities).

So you were saying as a combination kind of effective tax rate, got it.

When you first said that 44% number, it was very fishy - because there is a federal cap at 37% :)