2008 Income tax rate schedule
Married filing joint returns and surviving spouses:
If taxable income is: The tax is:
Not over $16,050 ……………………………………………….. 10% of taxable income
Over $16,050 …………………………… $1,605.00 + 15% of excess over $16,050 (but not over $65,100)
Over $65,100 …………………………… $8,962.50 + 25% of excess over $65,100 (but not over $131,450)
Over $131,450 …………………….. $25,550.00 + 28% of excess over $131,450 (but not over $200,300)
Over $200,300 ……………………… $44,828.00 + 33% of excess over $200,300 (but not over $357,700)
Over $357,700 ……………………… $96,770.00 + 35% of excess over $357,700
Heads of household:
If taxable income is: The tax is:
Not over $11,450 ……………………………………………….. 10% of taxable income
Over $11,450 …………………………… $1,145.00 + 15% of excess over $11,450 (but not over $43,650)
Over $43,650 …………………………… $5,975.00 + 25% of excess over $43,650 (but not over $112,650)
Over $112,650 …………………….. $23,225.00 + 28% of excess over $112,650 (but not over $182,400)
Over $182,400 ……………………… $42,755.00 + 33% of excess over $182,400 (but not over $357,700)
Over $357,700 ……………………. $100,604.00 + 35% of excess over $357,700
Estates and Trusts
If taxable income is: The tax is:
Not over $2,200 …………………………………………………. 15% of taxable income
Over $2,200 (but not over $5,150) …… $330.00 + 25% of excess over $2,200
Over $5,150 (but not over $7,850) … $1,067.50 + 28% of excess over $5,150
Over $7,850 (but not over $10,700) . $1,823.50 + 33% of excess over $7,850
Over $10,700 …………………………… $2,764.00 + 35% of excess over $10,700
Unmarried individuals:
If taxable income is: The tax is:
Not over $8,025 …………………………………………………. 10% of taxable income
Over $8,025 …………………………………. $802.50 + 15% of excess over $8,025 (but not over $32,550)
Over $32,550 …………………………… $4,481.25 + 25% of excess over $32,550 (but not over $78,850)
Over $78,850 ………………………… $16,056.25 + 28% of excess over $78,850 (but not over $164,550)
Over $164,550 ……………………… $40,052.25 + 33% of excess over $164,550 (but not over $357,700)
Over $357,700 ……………………. $103,791.75 + 35% of excess over $357,700
Married individuals filing separate returns:
If taxable income is: The tax is:
Not over $8,025 …………………………………………………. 10% of taxable income
Over $8,025 …………………………………. $802.50 + 15% of excess over $8,025 (but not over $32,550)
Over $32,550 …………………………… $4,481.25 + 25% of excess over $32,550 (but not over $65,725)
Over $65,725 ………………………… $12,775.00 + 28% of excess over $65,725 (but not over $100,150)
Over $100,150 ……………………… $22,414.00 + 33% of excess over $100,150 (but not over $178,850)
Over $178,850 ……………………… $48,350.00 + 35% of excess over $178,850
*These tables are for 2008 taxes and are provided to assist you in tax planning (such as figuring estimated tax) for the current year. For 2007 tax tables, refer to your 1040 Forms and Instruction booklet, Package 1040-3, or other Official IRS publication.
© 2007, Real Estate Information Services, Capitol Assets, Choice Real Estate, Inc. & Choice Real Estate of VA, Inc., & Choice Finance®
For the most thorough job of tax planning possible, consult a tax professional.
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