Understood re the tax table vs calculation.Re "ignoring the previous post", I didn't. I answered with another question. I think the replies came in out-of-order...
Thank you. This was the answer. TTax in this case doesn't use the math to calculate the tax but relies on the simplified tax table. In this case (hypothetical),...
I'm not sure what I'm misunderstanding. The taxable income is $22300. This is made up of $12300 ordinary ($40000 - $17700) and $10000 LT Cap Gains. You enter th...
