nodejsbangalore

I might be wrong but I think that tax rate is not 20%.

I think the deduction is 20%. If I understand it correctly then what it means is that if you have earned $100k then you are taxed only on $80k and 20% (20K in this case) is your deduction.

Can someone confirm/deny it.

http://trinityradar.com/ can do this.

Full disclosure: I work on this project.