tax_nerd.txt

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