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HOW TO USE THIS CALCULATOR: Go to File > Make a copy to save a version for yourself. Make changes in the WHITE boxes. At a minimum, change the income value. Under "Deductions", enter either the standard deduction for single filers ($12k), married filing jointly ($24k), or head of household ($18k); or enter a higher amount if desired. You can also change the tax bracket rates by entering a different percentage value, and you can change the top value of each bracket. The top bracket will start at $1 more than the next highest bracket. The calculations page is designed to marginally tax each segment of income, so if you enter a lower income than a given bracket, the tax added from that bracket will go to $0. This calculator is a simplified tax bracket simulator for W-2 income. It does not take into account exemptions, special deductions, capital gains tax, or other special cases. It is therefore likely to overestimate actual taxes owed on high incomes.
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Total Income
Bracket Rates(%)
Brackets (Top of each bracket, except max bracket which is a minimum)
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$1,000,000.00enter the number (no % sign)SingleMarried Filing JointlyMarried Filing SeparatelyHead of Household
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Deductions10%$9,525.00$19,050.00$9,525.00$13,600.00
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$200,000.0012%$38,700.00$77,400.00$38,700.00$51,800.00
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Taxable Income22%$82,500.00$165,000.00$82,500.00$82,500.00
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$800,000.0024%$157,500.00$315,000.00$157,500.00$157,500.00
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32%$200,000.00$400,000.00$200,000.00$200,000.00
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35%$500,000.00$600,000.00$300,000.00$500,000.00
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37%$500,001.00$600,001.00$300,001.00$500,001.00
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RESULTSSingleMarried Filing JointlyMarried Filing SeparatelyHead of Household
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Total Taxes Owed$261,689.50$235,379.00$265,689.50$260,298.00
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EFFECTIVE tax rate26.17%23.54%26.57%26.03%
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NET INCOME$738,310.50$764,621.00$734,310.50$739,702.00
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