What is your time worth per hour? Was that figured in the equation?
How many hours of scouting? Planting food plots(if you do that)? Practicing shooting and actual time spent hunting.
Cost of all gear, with the above mentioned, plus what the OP stated(taxes,etc.) I'd say more like $100-$125/ pound.
But, there are a few things in life worth spending our hard earned money on. Getting out in the woods is great mental therapy for me whether I shoot anything or not, as I'm sure it is for many.
Too, if I quit getting out in the woods, I'd probably end up seeing a shrink at least once a week to the tune of about $150-$200/hr.
Thinking of things along those lines, I'll keep paying my $100-$125/pound and enjoying my expensive venison.