Showing posts with label tax bracket rates schedule 2007. Show all posts
Showing posts with label tax bracket rates schedule 2007. Show all posts

Wednesday, January 2, 2008

2007 Tax Rates (What bracket am I in?)

Source: about.com


Single Filing Status
10% on income between $0 and $7,825
15% on the income between $7,825 and $31,850; plus $782.50
25% on the income between $31,850 and $77,100; plus $4,386.25
28% on the income between $77,100 and $160,850; plus $15,698.75
33% on the income between $160,850 and $349,700; plus $39,148.75
35% on the income over $349,700; plus $101,469.25

Married Filing Jointly or Qualifying Widow(er) Filing Status
10% on the income between $0 and $15,650
15% on the income between $15,650 and $63,700; plus $1,565.00
25% on the income between $63,700 and $128,500; plus $8,772.50
28% on the income between $128,500 and $195,850; plus $24,972.50
33% on the income between $195,850 and $349,700; plus $43,830.50
35% on the income over $349,700; plus $94,601.00

Married Filing Separately Filing Status
10% on the income between $0 and $7,825
15% on the income between $7,825 and $31,850; plus $782.50
25% on the income between $31,850 and $64,250; plus $4,386.25
28% on the income between $64,250 and $97,925; plus $12,486.25
33% on the income between $97,925 and $174,850; plus $21,915.25
35% on the income over $174,850; plus $47,300.50

Head of Household Filing Status
10% on the income between $0 and $11,200
15% on the income between $11,200 and $42,650; plus $1,120.00
25% on the income between $42,650 and $110,100; plus $5,837.50
28% on the income between $110,100 and $178,350; plus $22,700.00
33% on the income between $178,350 and $349,700; plus $41,810.00
35% on the income over $349,700; plus $98,355.50