This is a little excessive, you are not taking into account the standard deduction, and taxing the entire income at the highest bracket.
Edit: I take that back, I see you used an effective tax rate including the standard deduction for a single filer instead of the marginal rate. This would be slightly better if you’re married filing jointly or have other deductions.
Edit: I take that back, I see you used an effective tax rate including the standard deduction for a single filer instead of the marginal rate. This would be slightly better if you’re married filing jointly or have other deductions.