@keithsciacca
1) TTX does not APPLY a blended tax rate....it just tells you what it was. And it's also, just a kind-of genmeric handwaving figure and not exact.
2) The SE tax is applied to your net SE $$$ gain BEFORE yoru Std or Itemized deductions are applied.
....2a) Thus, the 15.3% was applied to a much higher amount, and not to your eventual "taxable" income. BUT
...2b) The 10% regular income tax was applied to just that "taxable" income amount.
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
