Check out all types of taxes that can eat away your income!

Federal Income Tax = 37%
State Income Tax = 7%
Sales Tax = 6%
Social Security Tax = 6.2%
Medicare Tax = 1.45%
Self Employment Tax = 7.65%
Capital Gains Tax = 20%
Property Tax = 1.2%
Estate Tax = 40%
Gift Tax = 40% Note: The above tax percentages are based on the highest tax brackets or averages. Speak with your tax advisor to get a better estimate as specific tax percentages can vary based on your income, state of residence, and other variables.