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Help Me Figure This Out

BobKamman
Level 15

Single taxpayer.

2022 taxable income:  $45,354.  

2022 tax:  $5,600   

2023 taxable income:  $44,696

2023 tax:  $5,141   

Taxable income decreases by $658.

Tax decreases by $459.

I know she's on the cusp of a tax bracket, but really?  $658 less income results in $459 less tax?  That's a 70% cut.  

0 Cheers