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Re:Teen Becomes First Hacker to Earn $1M Through Bug Bounties by likpok on Saturday March 02, 2019 @09:29PM (#19292351)
Income taxes are more like 30% of that. It’s expensive, but not that expensive. Unless you’re counting rent in that, but even then I think half is pushing it.
Re:Teen Becomes First Hacker to Earn $1M Through Bug Bounties by Thorrez on Sunday March 03, 2019 @07:26PM (#19297884)
Actually 39.04% according to this website. Still, 30% is closer to correct than 55%.

https://smartasset.com/taxes/income-taxes