Tax Bracket Calculation

Last year my taxable income was $349,662 and Turbo Tax calculated my tax to be $77,361 (~22%).  This year my taxable income is $205,864 and Turbo Tax is calculating my tax to be ($66,077) (~32%).  Fed Tax Bracket should be ~24%.  My situation is very similar to last year with less income.  Any ideas what I might be doing wrong or is TT correct?