Let's look.

Income tax rate (or tax bracket) - The percentage of tax one pays based on one's earnings. Because the federal income tax is progressive, those who earn the least are taxed at the lowest rates, with some paying no tax at all. The more a person earns, the higher the percentage of earnings that he or she pays in income taxes up to a point. In general, federal income tax rates in the U.S. vary from 10 percent to 35 percent.

35 percent+state income tax+county/local (I forget if they do or don't do income tax). Depends on the state and city then. California has a 9% income tax rate so that'd be 44%. So at least, in California, $220,000 in taxes annually. That's without figuring in any local/county taxes.