SnowballCamper
Full time employment: Posting here.
- Joined
- Aug 17, 2019
- Messages
- 691
This is just my curiosity. It seems people know what their tax refund or bill is. They also probably know what tax bracket they are in. But it takes a tiny bit of arithmetic to figure your effective tax rate = Total tax (line 24) / Total income (line 9). Mine is 5.74%.
Computing it as I've described admittedly omits non-taxable income such as disability, tax-exempt interest, etc. But since tax season is starting, we'll have consistent numbers at hand for those inclined to post responses. Thanks.
Computing it as I've described admittedly omits non-taxable income such as disability, tax-exempt interest, etc. But since tax season is starting, we'll have consistent numbers at hand for those inclined to post responses. Thanks.