|
Single |
|
If taxable income is
between: |
|
$1 |
to |
$7,550 |
X |
10% |
minus |
$0.00 |
= Tax |
|
$7,551 |
to |
$30,650 |
X |
15% |
minus |
$377.50 |
= Tax |
|
$30,651 |
to |
$74,200 |
X |
25% |
minus |
$3,442.50 |
= Tax
|
|
$74,201 |
to |
$154,800 |
X |
28% |
minus |
$5,668.50 |
= Tax
|
|
$154,801 |
to |
$336,550 |
X |
33% |
minus |
$13,408.50 |
= Tax |
|
$336,551 |
to |
............. |
X |
35% |
minus |
$20,139.50 |
= Tax |
|
|
Head of Household |
|
If taxable income is
between: |
|
$1 |
to |
$10,750 |
X |
10% |
minus |
$0.00 |
= Tax |
|
$10,751 |
to |
$41,050 |
X |
15% |
minus |
$537.50 |
= Tax |
|
$41,051 |
to |
$106,000 |
X |
25% |
minus |
$4,642.50 |
= Tax |
|
$106,001 |
to |
$171,650 |
X |
28% |
minus |
$7,822.50 |
= Tax |
|
$171,651 |
to |
$336,550 |
X |
33% |
minus |
$16,405.00 |
= Tax |
|
$336,551 |
to |
............. |
X |
35% |
minus |
$23,136.00 |
= Tax |
|
|
Married
Filing Jointly or Qualifying Widow(er) |
|
If taxable income is
between: |
|
$1 |
to |
$15,100 |
X |
10% |
minus |
$0.00 |
= Tax |
|
$15,101 |
to |
$61,300 |
X |
15% |
minus |
$755.00 |
= Tax |
|
$61,301 |
to |
$123,700 |
X |
25% |
minus |
$6,885.00 |
= Tax |
|
$123,701 |
to |
$188,450 |
X |
28% |
minus |
$10,596.00 |
= Tax |
|
$188,451 |
to |
$336,550 |
X |
33% |
minus |
$20,018.50 |
= Tax |
|
$336,551 |
to |
............. |
X |
35% |
minus |
$26,749.50 |
= Tax |
|
|
Married
Filing Separately |
|
If taxable income is
between: |
|
$1 |
to |
$7,550 |
X |
10% |
minus |
$0.00 |
= Tax |
|
$7,551 |
to |
$30,650 |
X |
15% |
minus |
$377.50 |
= Tax |
|
$30,651 |
to |
$61,850 |
X |
25% |
minus |
$3,442.50 |
= Tax |
|
$61,851 |
to |
$94,225 |
X |
28% |
minus |
$5,298.00 |
= Tax |
|
$94,226 |
to |
$168,275 |
X |
33% |
minus |
$10,009.25 |
= Tax |
|
$168,276 |
to |
............. |
X |
35% |
minus |
$13,374.75 |
= Tax |
|
|
Example Tax Calculation |
| Joe is a SINGLE taxpayer
and has taxable income in the amount of $43,500. What is his
regular Federal income tax? |
|
Using the
2006 regular income tax rate schedule above: |
|
$43,500 X
25%
= $10,875 - $3,442.50 =
$7,432.50 |
|
|
 |
The IRS tax tables MUST be used for taxable income LESS THAN
$100,000. |
|
|
