/******************************************************************** usage: federalTax = calcFederalCGTax( taxableIncome, shortTermCG, longTermCG, long28TermCG, section1250CG, form4952, married, printreport ); **********************************************************************/ function calcFederalCGTax( taxableIncome, shortTermCG, longTermCG, long28TermCG, section1250CG, form4952, married, printreport ) { var taxWindow; var wstring; var federalTax = 0; var limit = 0; var temp = 0; var line7 = 0; var line16 = 0; var line17 = 0; var line19 = 0; var line20 = 0; var line22 = 0; var line24 = 0; var line25 = 0; var line27 = 0; var line28 = 0; var line29 = 0; var line30 = 0; var line31 = 0; var line32 = 0; var line33 = 0; var line34 = 0; var line35 = 0; var line36 = 0; var line37 = 0; var line38 = 0; var line39 = 0; var line40 = 0; var line41 = 0; var line42 = 0; var line43 = 0; var line44 = 0; var line45 = 0; var line46 = 0; var line47 = 0; var line48 = 0; var line49 = 0; var line50 = 0; var line51 = 0; var line52 = 0; var line53 = 0; var line54 = 0; // To keep things simple, all schedule D lines are being used as variables line7 = Math.round(shortTermCG); line16 = Math.round(longTermCG); line15 = Math.round(long28TermCG); line21 = Math.round(form4952); line25 = Math.round(section1250CG); line17 = line7 + line16; if (line16 < 0 || line17 < 0 || taxableIncome < 0) return (calcFederalTax( taxableIncome, married )); line19 = taxableIncome; line20 = Math.min(line16, line17); line22 = Math.max(line20 - line21, 0); line23 = Math.max(line7 + line15, 0); line24 = Math.min(line23, line15); if (line24 < 0) line24 = 0; line26 = line25 + line24; line27 = Math.max(line22 - line26, 0); line28 = Math.max(line19 - line27, 0); if (married == 1) limit = 43050; else limit = 25750; line29 = Math.min(limit, line19); line30 = Math.min(line28, line29); line31 = Math.max(line19 - line22, 0); line32 = Math.max(line30, line31); line33 = calcFederalTax( line32, married ); if (line28 <= line29) //else goto line38 { line34 = line29; line35 = line28; line36 = Math.max( line34 - line35, 0); line37 = Math.round( line36 * .1); } if (line27 <= 0 || line27 != line36) //else goto line 52 { line38 = Math.min( line19, line27 ); line39 = line36; line40 = line38 - line39; line41 = Math.round( line40 * .2 ); if (line25 > 0) { line42 = Math.min( line22, line25 ); line43 = line22 + line32; line44 = line19; line45 = Math.max( line43 - line44, 0 ); line46 = Math.max( line42 - line45, 0 ); line47 = Math.round( line46 * .25 ); } if (line24 != 0) //else goto line 52 { line48 = line19; line49 = line32+line36+line40+line46; line50 = line48-line49; line51 = Math.round( line50 * .28 ); } } line52 = line33+line37+line41+line47+line51; line53 = calcFederalTax( line19, married ); federalTax = Math.min( line52, line53); if (printreport == 1) { taxWindow = window.open('','sub','status,scrollbars=yes,resizable=yes,width=400,height=300'); if (!taxWindow.opener) { taxWindow.opener = window } wstring = "Capital Gain Tax Computation" wstring += "
" wstring += "" wstring += "" if (line37 > 0) wstring += "" if (line41 > 0) wstring += "" if (line47 > 0) wstring += "" if (line51 > 0) wstring += "" wstring += "" wstring += "" wstring += "" wstring += "" wstring += "" wstring += "
Capital Gain Tax Computation" if (line33 > 0) wstring += "
Tax on "+line32+" using the tax rate schedule"+line33+"
Tax on "+line36+" at 10% "+line37+"
Tax on "+line40+" at 20% "+line41+"
Tax on "+line46+" at 25% "+line47+"
Tax on "+line50+" at 28% "+line51+"
Total capitcal gains tax "+line52+"
Tax using the tax rate schedule "+line53+"
Tax used "+federalTax+"
You save "+(line53-line52)+" buy using the capital gain schedule
" wstring += "
" wstring += "
" wstring += "" location.href="#Top"; taxWindow.focus() //setTimeout("taxWindow.document.write(wstring)",500) //stop strange error one second... window taxWindow.document.write(wstring); taxWindow.document.close(); } return (federalTax); }