I am having trouble understanding how Turbotax calculates NY state tax. On the state summary screen I see the below numbers.
Income
Amount we start with for New York=$199,239
Standard deduction=- $8,000
Amount taxed by New York= $191,239
Taxes
Starting amount=$12,258
I can't understand how Turbotax came up with 12,258. My understanding is that NY state uses progressive tax bands. Using the tax rate schedule given on page 63 here (https://www.tax.ny.gov/pdf/current_forms/it/it203i.pdf#page=63), this number should have been $11,739. It is almost like Turbotax is using the marginal tax rate of 6.41% on the entire amount ($191,239) as opposed to using progressive tax bands.
Am I missing something here?
