If my total income is $56,000 and half is from self employment, BUT my taxable income is 10,000, why is my blended tax rate $45.4%?

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If my total income is $56,000 and half is from self employment, BUT my taxable income is 10,000, why is my blended tax rate $45.4%?

The 'Blended Tax Rate' is not a real number and is confusing and misleading.

Look at the 'Effective Tax Rate' when you print your return on the Tax History Worksheet.

Click this link for detailed info on Tax Rates.

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