macuser_22, your comment may actually confuse other readers when they see that your comment in no way answers the question of how TT is calculating their "effective tax rate." Furthermore, the correct equation was covered in the first comment. Also, no one here ever asked how to correctly calculate their effective tax rate. Rather, the question was in regards to the calculation performed by TT, which has been found to not resemble anything close to an "effective tax rate."
In short, TurboTax has confirmed that they calculate the "effective tax rate" incorrectly.
