joshwats
Returning Member

How is this possible?

I'm a pastor, married filing jointly, on a single income, with 4 young kids.  This is what TT's summary says:

"After applying your deductions, your taxable income was $41,136. Based on this, your total tax before credits was $19,020, which includes self-employment tax of $14,663."

 

How is my total tax before credits $19,020?!?

 

How am I in a tax bracket where I'm being taxed 46% of my taxable income?