Thursday, March 22, 2007

2006 federal tax rates

Taxable Income = Adjusted Gross Income - Deduction - Exemption(s)

Single
tax ratetaxable incomeplus
10%between $0 & $7,550-
15%between $7,550 & $30,650$755
25%between $30,650 & $74,200$4,220
28%between $74,200 & $154,800$15,107.50
33%between $154,800 & $336,550$37,675.50
35%over $336,550$97,653


MFJ
tax ratetaxable incomeplus
10%between $0 & $15,100-
15%between $15,100 & $61,300$1,510
25%between $61,300 & $123,700$8,440
28%between $123,700 & $188,450$24,040
33%between $188,450 & $336,550$42,170
35%over $336,550$91,043


LTCG & Qualified Dividends
5% for taxpayers in the 10% & 15% tax brackets
15% for taxpayers in the 25%, 28%, 33%, & 35% tax brackets

No comments: