<prompt> Human: I had a good year and a stock sale and thus my gross income for the year was just over 70k. My salary is only 45k, and my monthly rent and expenses come to about 2.5k. TurboTax says I owe 5300 federal and 2000 state. This is much more than I have available in cash accounts. Is this a typical tax rate? I dont think Ive ever owed taxes before. My first full year of salaried work was 2015  <response>: There are a lot of things missing like, did your job not withhold money? If that 25K you sold, what was your true profit? Say you invested 20K and if you sell at 25K, then only 5K is taxable, in other words, only the gains. 