Just wondering how to estimate taxes for a certain bracket. If my income was say $207,000 and I filed jointly, how much in taxes would I owe to the fed. If I fall in the 28% bracket, would I just multiply this by the net income. Or is there another way to do this. The reason I ask this is because when I enter this information into an IRS calculator, I get something different. It says I owe $45426. Is this correct? Please help.