[Hugh R]

Top tax rate is 35% I believe. On-ramp, you have it wrong, his dad pays ordinary income taxes and capital gains only if he sells something like a car, stock, etc. for a profit. 1Fastredsc, at that income level you'll probably get most of it back if your not claimed as a dependent on your dad's income tax. You won't get the social security, or disability back. In fact, you'll probably never see social security. A piece of advise, start putting something, anything into a retirement fund now. The power of compound interest over a lifetime is amazing. Even if you only put $5 or $10 away/week. Put it in an IRA so it doesn't get taxed until you retire. If you make over about $65,000/year, the IRS thinks your "Rich".