Search found 2 matches
- Fri Dec 15, 2023 1:56 pm
- Forum: General questions and comments
- Topic: understanding "Income Tax Rate" and "Taxable Percent"
- Replies: 10
- Views: 239383
Re: understanding "Income Tax Rate" and "Taxable Percent"
A very helpful clarification, thank you, Jim.
- Fri Dec 15, 2023 5:07 am
- Forum: General questions and comments
- Topic: understanding "Income Tax Rate" and "Taxable Percent"
- Replies: 10
- Views: 239383
Re: understanding "Income Tax Rate" and "Taxable Percent"
Hello, From this thread, I learned that FRP doesn't account automatically for any standard deduction. Would it make sense, then, to use an "effective tax rate" based on gross income instead of taxable income? In other words, total tax due divided by gross income? This would also be helpful...