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| Federal Tax Tables
We've provided
the federal tax tables for your convenience. Listed are tables
for individuals, estates & trusts and corporations.* |
2007 Federal Income Tax Table
If
taxable income is:
|
Married Filing Jointly:
|
|
|
|
|
Of
The
Amount Over
|
$0
|
$15,650
|
$0
+ 10%
|
$0
|
$15,650
|
$63,700
|
$1,565 + 15%
|
$15,650
|
$63,700
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$128,500
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$8,773 + 25%
|
$63,700
|
$128,500
|
$195,850
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$24,973 + 28%
|
$128,500
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$195,850
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$349,700
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$43,831 + 33%
|
$195,850
|
$349,700
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And
Over
|
$94,601 + 35%
|
$349,700
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Single:
|
|
|
|
|
Of
The
Amount Over
|
$0
|
$7,825
|
$0
+ 10%
|
$0
|
$7,825
|
$31,850
|
$788 + 15%
|
$7,825
|
$31,850
|
$77,100
|
$4,386 + 25%
|
$31,850
|
$77,100
|
$160,850
|
$15,699 + 28%
|
$77,100
|
$160,850
|
$349,700
|
$39,149 + 33%
|
$160,850
|
$349,700
|
And
Over
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$101,469 + 35%
|
$349,700
|
Estates and Trusts:
|
|
|
|
|
|
$0
|
$2,150
|
$0
+ 15%
|
$0
|
$2,150
|
$5,000
|
$323 + 25%
|
$2,150
|
$5,000
|
$7,650
|
$1,035 + 28%
|
$5,000
|
$7,650
|
$10,450
|
$1,777 + 33%
|
$7,650
|
$10,450
|
And
Over
|
$2,701 + 35%
|
$10,450
|
Corporations:
|
|
|
|
|
|
$0
|
$50,000
|
$0
+ 15%
|
$0
|
$50,000
|
$75,000
|
$7,500 + 25%
|
$50,000
|
$75,000
|
$100,000
|
$13,750 + 34%
|
$75,000
|
$100,000
|
$335,000
|
$22,250 + 39%
|
$100,000
|
$335,000
|
$10,000,000
|
$113,900 + 34%
|
$335,000
|
$10,000,000
|
$15,000,000
|
$3,400,000 + 35%
|
$10,000,000
|
$15,000,000
|
$18,333,333
|
$5,150,000 + 38%
|
$15,000,000
|
$18,333,333
|
And
Over
|
$6,416,667 + 35%
|
$18,333,333 |
|
|
Standard Deductions
|
|
|
Married
Filing Jointly
|
$10,300
|
$10,700
|
Head Of
Household
|
$7,550
|
$7,850
|
Single
|
$5,150
|
$5,350
|
Additional (Age 65/older, or blind):
Married
Unmarried and not surviving spouse
|
$1,000
$1,250
|
$1,050
$1,300
|
AGI
itemized deduction phase-out
Married Filing Separately
All Others
|
$75,250
$150,500
|
$78,200
$156,400 |
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Capital
Gains Tax
|
Rates
on dividends and gains for assets held at least 12
months:
|
15%
income tax bracket or below
|
5%
|
25%
income tax bracket or above
|
15%
|
Capital
Gains rate on collectibles
|
28% |
|
*The material
represented hereon is provided for informational purposes only
and should not be construed as tax or legal advice. The
information presented
here has been obtained from publicly available sources and is
believed to be
accurate and current. You may attain more comprehensive IRS tax
tables at
http://www.irs.gov/.
Always consult a qualified tax planning advisor. |
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