I'm trying to figure out if I should make some last minute adjustments to my income taxes based on the taxcaster. The taxcaster shows me owing an enormous amount of money (more than I've ever owed before) despite having many more deductions this year and similar income to last year. So I think there is a glitch in the taxcaster, but wanted to see if anybody knows for sure? If you cross the 32% marginal tax bracket threshold, it makes no sense that the rate gets applied to every penny of taxable income . . . right?
