Retirement tax questions

@75Brewin 

 

Yeah, usually "Effective" does not use "Taxable Income" as the divisor...but instead uses AGI  (i.e. total income).  (plus/minus a few special credits/deductions)

 

Then it gets way out of whack for those with Self-Employment income who have to pay SE taxes of ~15% before adding in the regular tax.

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____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*