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s-sabath
New Member

I made more last year and had a Blended Tax Rate of 10.8%, why is this year 72.3% ?

 
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1 Reply
SharonD007
Employee Tax Expert

I made more last year and had a Blended Tax Rate of 10.8%, why is this year 72.3% ?

Your Blended Tax rate is your Tax liability (Including SE tax, capital gain and special taxes) divided by your taxable income (Total income minus deductions, but before credits).  It's not used on your tax return.

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