Tax Bracket Calculation
Last year my taxable income was $349,662 and Turbo Tax calculated my tax to be $77,361 (~22%). This year my taxable income is $205,864 and Turbo Tax is calculating my tax to be ($66,077) (~32%). Fed Tax Bracket should be ~24%. My situation is very similar to last year with less income. Any ideas what I might be doing wrong or is TT correct?