Self employed and paying 38.3 blended tax rate?

[DRTT]

Hello Everyone,

I am self-employed and paid my estimated taxes this year (not shown on chart). When I finished on turbo tax I see that there is a 38.7% blended tax rate- I am not sure how this number was arrived at.  Does the below info look correct? 

Your Tax Breakdown2022

Total Income	$145,004
Deductions	- $47,556
Taxable Income	$97,448
Blended Tax Rate	x 38.7%
Tax LiabilityThis is how much you were supposed to pay in taxes.	$37,706

[Anonymous_ · Accepted solution]

The blended tax rate simply appears to be a percentage of the taxes you pay on that $97,448 figure (note that would include your self-employment taxes since you mentioned you are self-employed).

If you can possibly locate the particular form TurboTax generates, it is more instructive to look at your effective tax rate (look for your 2022 Federal Tax Return Summary).