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rcj007
Level 2

Is effective tax rate calculation misleading or just wrong?

It doesn't seem like he cleared up anything!

‎March 20, 2023 5:22 PM
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rcj007
Level 2

Is effective tax rate calculation misleading or just wrong?

No, not "Effective Tax Rate" should be Total Tax/Adjusted Gross Income or 18.69% 

 

"Effective Tax Rate" should be Total Tax/Taxable Income  -- which results in a 23%  Effective Tax Rate

 

 

‎March 20, 2023 5:33 PM
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