Effective Tax Rate = negative percentage?

Discussion in 'Legal Issues' started by MatrixReload, Mar 2, 2007.

0
  1. #1
    I'm using Turbotax to file my tax but somehow it came out with a negative percentage on ETR. Did I do anything wrong?
     
    MatrixReload, Mar 2, 2007 IP
  2. tke71709

    tke71709 Peon

    Messages:
    536
    Likes Received:
    11
    Best Answers:
    0
    Trophy Points:
    0
    #2
    If you earn so little that your refund is greater than your total taxes paid, then it would be negative.
     
    tke71709, Mar 5, 2007 IP