Wednesday, January 03, 2007

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

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