[JRcorvette]

Originally Posted by onfire

You don't pay 22% on your entire income, so 15% sounds correct.

Example using 2024 brackets.
10% on $11,600
12% on the portion $11,601 to $47,150
22% on the amount over $47,150 (up to $100,525)

https://equitable.com/tax-strategies...ctive-tax-rate

That’s a great calculator. Thanks