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dnch/gist:327b06cde8a177fcc0d7

Last active August 29, 2015 14:26
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tax_nerd.txt
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gistfile1.txt
Gross Income A = 180,200
Deductions A = 0
Taxable Income A = Gross Income A - Deductions A => 180,200
Tax Liability A = 54,547 + (0.45 * (Taxable Income A - 180000)) => 54,637
Gross Income B = 180,200
Deductions B = 300
Taxable Income B = Gross Income B - Deductions B => 179,900
Tax Liability B = 17,547 + (0.37 * (Taxable Income B - 80000)) => 54,510
Tax Liability A - Tax Liability B => 127
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