I am wrapping up my (married filing jointly) personal return.
We are both 100% self-employed with schedule k1s
Our reported income in $150k
Our taxable income is $105k
Our federal taxes are amounting to $33k
That's 31% of our income going to federal taxes alone.
Is that insane or normal? It doesn't align with most tax calculators I've checked out. Do I need to speak to an expert?
