Yes. It might actually be a bit conservative, since the overall burden for a single person making $100k with 10% state taxes is around 20% for federal taxes. An

Yes. It might actually be a bit conservative, since the overall burden for a single person making $100k with 10% state taxes is around 20% for federal taxes. And the CA overall burden is going to be more like 8.9% (marginal is 9.3% below $1M). So, let's do the numbers to be sure. 100 000 - 7 009 (2013 CA on 100 000 -- not sure if std deduction should be factored in) - 17 820 (2012 Federal on 87 000 -- GI - state - std deduction) - 7 650 (Soc sec + Medicare) ======= 67 521