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The calculation appears to be Tax divided by AGI (adjusted gross income). You would not want to use Taxable Income because that number has been reduced by your Std deduction or your Sch A itemized deductions, whichever is larger, which does not represent your Income properly.
That's it -- thank you!
no you shouldn't be concerned. it's informational. what is important is that the actual tax calculation be correct. it can also be extremely misleading for those that have self-employment tax.
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