@gmott18 wrote:
Most definitions of effective tax rate in financial sites usually involve taxable income in the denominator, not AGI. TT uses AGI. Thx though the response. I just call it TT effective tax rate and the normally-defined one is the effective tax rate. I am moving on.
I'm curious, why do you even care about the effective tax rate and what use to you put it to? What meaningful information does it give to you reguardless of how it is calculated.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
