Summary
If you make $16,679,988 a year living in the region of California, USA, you will be taxed $8,769,063. That means that your net pay will be $7,910,925 per year, or $659,244 per month. Your average tax rate is 52.6% and your marginal tax rate is 52.9%. This marginal tax rate means that your immediate additional income will be taxed at this rate. For instance, an increase of $100 in your salary will be taxed $52.88, hence, your net pay will only increase by $47.12.
Bonus Example
A $1,000 bonus will generate an extra $471 of net incomes. A $5,000 bonus will generate an extra $2,356 of net incomes.