Why does IRS use such a ridiculous method on their tax rate schedules?
Single taxpayer with $200,000 of taxable income. Under the IRS tax rate schedule on page 82 of the 1040 instructions, you calculate it as follows:
1) 200,000 minus 150,150 = 49,850
2) 49,850 X 33% = 16,450.50
3) 16,450.50 + 36,548.50 = 52,999
Under the tax rate schedule on the front of TTB and QF, you calculate it as follows:
1) 200,000 X 33% = 66,000
2) 66,000 minus 13,001 = 52,999
Isn’t the IRS way kind of amateurish?
Single taxpayer with $200,000 of taxable income. Under the IRS tax rate schedule on page 82 of the 1040 instructions, you calculate it as follows:
1) 200,000 minus 150,150 = 49,850
2) 49,850 X 33% = 16,450.50
3) 16,450.50 + 36,548.50 = 52,999
Under the tax rate schedule on the front of TTB and QF, you calculate it as follows:
1) 200,000 X 33% = 66,000
2) 66,000 minus 13,001 = 52,999
Isn’t the IRS way kind of amateurish?
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