Debt Reduction Tactics And Home Finance Ideas

2006-2007 Tax Rates Schedule

2006-2007 Tax Rates Schedule

2006 tax rates and brackets Published by the IRS
This can help you estimate your taxes for 2006

For single taxpayers

1If taxable income is over
2But not over
3The tax is:

1$0
2$7,550
310% of the amount over $0

1$7,550
2$30,650
3$755 plus 15% of the amount over $7,550

1$30,650
2$74,200
3$4,220 plus 25% of the amount over $30,650

1$74,200
2$154,800
3$15,107.50 plus 28% of the amount over $74,200

1$154,800
2$336,550
3$37,675.50 plus 33% of the amount over $154,800

1$336,550
2 no limit
3$97,653 plus 35% of the amount over $336,550

For married couples filing jointly*

1If taxable income is over
2But not over
3The tax is:

1$0
2$15,100
310% of the amount over $0

1$15,100
2$61,300
3$1,510 plus 15% of the amount over $15,100

1$61,300
2$123,700
3$8,440 plus 25% of the amount over $61,300

1$123,700
2$188,450
3$24,040 plus 28% of the amount over $123,700

1$188,450
2$336,550
3$42,170 plus 33% of the amount over $188,450

1$336,550
2 no limit
3$91,043 plus 35% of the amount over $336,550

* Or qualifying widow(er)

For married couples filing separately

1If taxable income is over
2But not over
3The tax is:

1$0
2$7,550
310% of the amount over $0

1$7,550
2$30,650
3$755 plus 15% of the amount over $7,550

1$30,650
2$61,850
3$4,220 plus 25% of the amount over $30,650

1$61,850
2$94,225
3$12,020 plus 28% of the amount over $61,850

1$94,225
2$168,275
3$21,085 plus 33% of the amount over $94,225

1$168,275
2 no limit
3$45,521.50 plus 35% of the amount over $168,275

For heads of households

1If taxable income is over
2But not over
3The tax is:

1$0
2$10,750
310% of the amount over $0

1$10,750
2$41,050
3$1,075 plus 15% of the amount over $10,750

1$41,050
2$106,000
3$5,620 plus 25% of the amount over $41,050

1$106,000
2$171,650
3$21,857.50 plus 28% of the amount over $106,000

1$171,650
2$336,550
3$40,239.50 plus 33% of the amount over $171,650

1$336,550
2 no limit
3$94,656.50 plus 35% of the amount over $336,550

2007 tax rates and brackets Published by the IRS
This can help you estimate your taxes for 2007

For single taxpayers

1If taxable income is over
2But not over
3The tax is:

1$0
2$7,825
310% of the amount over $0

1$7,825
2$31,850
3$782.50 plus 15% of the amount over $7,825

1$31,850
2$77,100
3$4,386.25 plus 25% of the amount over $31,850

1$77,100
2$160,850
3$15,698.75 plus 28% of the amount over $77,100

1$160,850
2$349,700
3$39,148.75 plus 33% of the amount over $160,850

1$349,700
2 no limit
3$101,469.25 plus 35% of the amount over $349,700

For married couples filing jointly*

1If taxable income is over
2But not over
3The tax is:

1$0
2$15,650
310% of the amount over $0

1$15,650
2$63,700
3$1,565 plus 15% of the amount over $15,650

1$63,700
2$128,500
3$8,772.50 plus 25% of the amount over $63,700

1$128,500
2$195,850
3$24,972.50 plus 28% of the amount over $128,500

1$195,850
2$349,700
3$43,830.50 plus 33% of the amount over $195,850

1$349,700
2 no limit
3$94,601 plus 35% of the amount over $349,700

* Or qualifying widow(er)

For married couples filing separately

1If taxable income is over
2But not over
3The tax is:

1$0
2$7,825
310% of the amount over $0

1$7,825
2$31,850
3$782.50 plus 15% of the amount over $7,825

1$31,850
2$64,250
3$4,386.25 plus 25% of the amount over $31,850

1$64,250
2$97,925
3$12,486.25 plus 28% of the amount over $64,250

1$97,925
2$174,850
3$21,915.25 plus 33% of the amount over $97,925

1$174,850
2 no limit
3$47,300.50 plus 35% of the amount over $174,850

For heads of households

1If taxable income is over
2But not over
3The tax is:

1$0
2$11,200
310% of the amount over $0

1$11,200
2$42,650
3$1,120 plus 15% of the amount over $11,200

1$42,650
2$110,100
3$5,837.50 plus 25% of the amount over $42,650

1$110,100
2$178,350
3$22,700 plus 28% of the amount over $110,100

1$178,350
2$349,700
3$41,810 plus 33% of the amount over $178,350

1$349,700
2 no limit
3$98,355.50 plus 35% of the amount over $349,700

source: http://www.irs.gov/pub/irs-pdf/i1040tt.pdf
http://www.irs.gov/pub/irs-drop/rp-06-53.pdf

posted by Bryon Zirker @ 3:50 PM 0 comments

Debt-Cross Off Debts Faster!

Debt-Cross Off Debts Faster!

By Bryon Zirker



Here are some great tips for keeping your
living costs to a minimum. This will help speed
the process of getting debts paid down very fast.

1. Select basic TV service -- no premium channels.

2. Use a dial-up ISP connection (approx. $10.00
a month) over high-speed service.

3. Buy food in bulk to last a lot longer maybe
months.

4. Take your lunch to work.

5. Build a budget for the holidays, birthdays, etc.,
stick with it. Use "extra" paychecks to pay debt
(a biweekly pay schedule can provide a third
check in two months of the year).

6. Apply your bonuses toward debt.

7. Set the thermostat a few degrees lower in
winter. Set the air conditioner a few degrees
higher.

8. Buy those compact fluorescent light bulbs
which should reduce electricity expenses.

9. Commit to $25 in "petty cash" fund for each
week. When it's gone, its gone do not spend more.

10. Lock up those credit cards safely. Put them
in a locked safe and entrust that to some one you
trust.

11. Create a shopping list. Purchase only the
items on the shopping list, do not buy anything
else including things on sale.

12. Keep your vehicle(s) tuned up. Good care
will reduce or prevent big expenses.

13. Ignore the Joneses. For now just disregard
what they drive, where they are vacationing or
what they are wearing.

14. Stop buying coffee or foods "on the go"
eat at home. Of course if someone were to give
you a Starbucks gift card by all means enjoy
that.

15. Do not buy from vending machines at work.
This is a good health tip as well.

16. Stop playing the lottery. And stop those visits
to the casino if you live near one.

17. Buy stuff that may have a damaged bag or
package at deep discounts. Of course make sure
the actual product is not damaged.

18. Things like cars or appliances always buy
last couple year's models. Thoroughly check
them of course.

19. Budget any vacations and dig up coupons
wherever possible.

20. Try to plan and save for any expected future
expenses.

If you can actually implement this and stay with
it, you will experience the great feeling of watching
your debt go down. Try to gauge your progress
by evaluating your progress monthly
or bi-monthly.

posted by Bryon Zirker @ 9:21 AM 0 comments