How do you calculate taxes?

[Dan Cho]

Hi all I was just wondering when you do your analysis, how do you calculate taxes exactly? I understand in the calculation there is a tax tab and I see that people input there tax from there county assessors office. Now I'm talking about rentals when I do this, but don't you also have to include state as well as federal taxes? I'll use an example

Purchase Price: 100,000

Rental Income: 1,0000

Tax (From County Assesor): 100

Net Income: 900

Now I'm using a very basic analysis here for our example, lets say we make $9,000 for the year, don't we have to tax the $9000 with state as well as federal taxes?