ehowton (ehowton) wrote,

Taxes Will be the Death of Me

I tried to get an appointment with a CPA to explain the results of my taxes with me (done in Turbo Tax), but the ones which will let me hire them without having prepared my taxes themselves won't see me until after the 15th.

Here's my concern:

My Gross Adjusted Income puts me below the 28% tax bracket, and my Taxable Income is 30% less than the Gross Adjusted, which means - if my tax is truly being levied against Taxable Income - I'm paying an insane 27.9% which is nearly double the bracket I was able to get myself into.

What am I missing?
Tags: tax

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