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If you claim 5 personal exemptions, your taxable income is reduced another $15 thousand to $23,500. Your income tax bill is apt to be approximately 3200 dollars.

But your employer seems to have to pay 7.65% with the items income he pays you for your Social Security and Medicare insurance. Most employees are unaware of this extra tax money your employer is paying for you. So, between you together with employer, the us govenment takes 15.3% (= 2 times 7.65%) of the income. If you're self-employed get yourself a the whole 15.3%.

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