How The F*** are My Taxes Computed?
Channel: John Haggar
Date: 2017-04-13

We talk about the general tax equation.

Gross income +/- adjustments = AGI

AGI - deductions - exemptions = Taxable Income

Taxable Income x tax rates (tiered) = Taxes due

Taxes Due - Credits + Other Taxes - Other Credits - Payments = Refund/Amount Due