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Subject: Tax Tiers
Here's another tax question. We currently have these definitions: Tax Category. Tier Range. Text Where a tax is tiered, the range of tiers applied in the calculation of the tax subtotal for the tax category. Tax Category. Tier Rate. Percent Where a tax is tiered, the rate of tax applied to the range of tiers in the calculation of the tax subtotal for the tax category. Tax Subtotal. Tier Range. Text Where a tax is tiered, the range of tiers applied in the calculation of the tax subtotal for the tax category. Tax Subtotal. Tier Rate. Percent Where a tax is tiered, the rate of tax applied to the range of tiers in the calculation of the tax subtotal for the tax category. I'm not sure what it means to apply a rate to "the range of tiers" in calculating a tax subtotal. Does this perhaps mean "the range of values in the tier applicable to the calculation of the tax subtotal for the tax category"? I.e., the endpoints of the range for that tier? I ask because then it would make sense to apply a single Tier Rate per tier. Jon (writing from that part of New York state known as The Southern Tier)
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