> the other $170k would be taxed at 15% Huh? Where did you get 15% from? The other $170k would be taxed at ordinary income rates, so most of that income would

> the other $170k would be taxed at 15% Huh? Where did you get 15% from? The other $170k would be taxed at ordinary income rates, so most of that income would fall in the 28% or 33% bracket.