/******************************************************************** usage: federalTax = calcFederalCGTax( taxableIncome, shortTermCG, longTermCG, long28TermCG, section1250CG, form4952, married, printreport ); 2001 Calculator Made by Mark E. Gunnison Copywrite 2002 **********************************************************************/ function calcFederalCGTax( taxableIncome, shortTermCG, longTermCG, fiveYGain, long28TermCG, section1250CG, form4952, married, printreport ) { var taxWindow; var wstring; var line7d; var line16d; var line15d; var line17d; var line19d; var federalTax = 0; var limit = 0; var temp = 0; var line1 = 0; var line2 = 0; var line3 = 0; var line4 = 0; var line5 = 0; var line6 = 0; var line7 = 0; var line8 = 0; var line9 = 0; var line10 = 0; var line11 = 0; var line12 = 0; var line13 = 0; var line14 = 0; var line15 = 0; var line16 = 0; var line17 = 0; var line18 = 0; var line19 = 0; var line20 = 0; var line21 = 0; var line22 = 0; var line23 = 0; var line24 = 0; var line25 = 0; var line26 = 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; // To keep things simple, all schedule D lines are being used as variables line7d = Math.round(shortTermCG); line16d = Math.round(longTermCG); line15d = Math.round(long28TermCG); line17d = line7d+line16d; line19d = Math.round(section1250CG); line3 = Math.round(form4952); line17 = Math.round(fiveYGain); line1 = Math.round(taxableIncome); line2 = Math.min(line16d, line17d); line4 = Math.max(line2 - line3, 0); line5 = Math.max(line7d+line15d, 0); line6 = Math.max(Math.min(line5, line15d), 0); line7 = line19d; line8 = line6+line7; line9 = Math.max(line4 - line8, 0); line10 = Math.max(line1 - line9, 0); if (married == 1) limit = 45200; else limit = 27050; line11 = Math.min(limit, line1); line12 = Math.min(line10, line11); line13 = Math.max(line1 - line4, 0); line14 = Math.max(line12, line13); line15 = calcFederalTax( line14, married ); if (line11 != line12) //else goto line 22 { line16 = line11 - line12; line18 = Math.min(line16, line17); line19 = Math.round(line18 * .08); line20 = line16 - line18; line21 = Math.round(line20 * .10); } if (line1 != line11) //else goto line 35 { line22 = Math.min(line1, line9); line23 = line16; line24 = line22 - line23; line25 = Math.round(line24 * .20); if (line7 != 0) { line26 = Math.min(line4, line7); line27 = line4 + line14; line28 = line1; line29 = Math.max(line27 - line28, 0); line30 = Math.max(line26 - line29, 0); line31 = Math.round(line30 * .25); } if (line6 != 0) { line32 = line14+line16+line24+line30; line33 = line1 - line32; line34 = Math.round(line33 * .28); } } line35 = line15+line19+line21+line25+line31+line34; line36 = calcFederalTax( line1, married ); line37 = Math.min(line35, line36); federalTax = line37; 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 (line19 > 0) wstring += "" if (line21 > 0) wstring += "" if (line25 > 0) wstring += "" if (line31 > 0) wstring += "" if (line34 > 0) wstring += "" wstring += "" wstring += "" wstring += "" wstring += "" wstring += "" wstring += "
Capital Gain Tax Computation" if (line33 > 0) wstring += "
Tax on "+line1+" using the tax rate schedule"+line36+"
Tax on "+line18+" at 8% "+line19+"
Tax on "+line20+" at 10% "+line21+"
Tax on "+line24+" at 20% "+line25+"
Tax on "+line30+" at 25% "+line31+"
Tax on "+line33+" at 28% "+line34+"
Total capitcal gains tax "+line35+"
Tax using the tax rate schedule "+line36+"
Tax used "+federalTax+"
You save "+(line36-line35)+" 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); }