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Tax Rates
The tax rates apply only to the
income in each tax
bracket range. Also,
the tax rates apply
only to taxable
income.
Below are the marginal
tax rates for 2010.
Tax rates progressively
increase as income increases.
.
Various adjustments
and deductions, including
the standard deduction
and personal exemptions,
all lower your taxable
income. Taxable income
is almost always less
than your total income.
Capital gains are may
taxed at different tax
rates.
Capital gains tax rates
are calculated separately.
Note:
These tax rate schedules
are provided for tax
planning purposes. To
compute your actual
income tax, please see
the 2010 instructions
for Form 1040, 1040A,
or 1040EZ as appropriate.
Marginal Tax Rates
You
can use these tax
rates to figure out
how much tax you
will pay on extra
income you earn. Individuals can use
the tax rate schedules
in a number of ways
to help plan their finances.
For a taxpayer
in the 25% tax bracket,
extra income will be
taxed at that rate until
the taxpayer reaches
the next tax bracket.
Alternatively, you can
use these tax rates
to figure out how much
tax you will save by
increasing your deductions.
For a taxpayer in the
28% tax bracket will
save 28 cents in federal
tax for every dollar
spent on a tax-deductible
expense, such as mortgage
interest or charity.
Source: Internal Revenue
Service,
Revenue Procedure 2007-66.
(Tax Rate Schedule X)
-
10%
on income between
$0 and $8,025
-
15%
on the income between
$8,025 and $32,550;
plus $802.50
-
25%
on the income between
$32,550 and $78,850;
plus $4,481.25
-
28%
on the income between
$78,850 and $164,550;
plus $16,056.25
-
33%
on the income between
$164,550 and $357,700;
plus $40,052.25
-
35%
on the income over
$357,700; plus
$103,791.75
(Tax Rate Schedule Y-1)
-
10%
on the income between
$0 and $16,050
-
15%
on the income between
$16,050 and $65,100;
plus $1,605.00
-
25%
on the income between
$65,100 and $131,450;
plus $8,962.50
-
28%
on the income between
$131,450 and $200,300;
plus $25,550.00
-
33%
on the income between
$200,300 and $357,700;
plus $44,828.00
-
35%
on the income over
$357,700; plus
$96,770.00
(Tax Rate Schedule Y-2)
-
10%
on the income between
$0 and $8,025
-
15%
on the income between
$8,025 and $32,550;
plus $802.50
-
25%
on the income between
$32,550 and $65,725;
plus $4,481.25
-
28%
on the income between
$65,725 and $100,150;
plus $12,775.00
-
33%
on the income between
$100,150 and $178,850;
plus $22,414.00
-
35%
on the income over
$178,850; plus
$48,385.00
(Tax Rate Schedule Z)
-
10%
on the income between
$0 and $11,450
-
15%
on the income between
$11,450 and $43,650;
plus $1,145.00
-
25%
on the income between
$43,650 and $112,650;
plus $5,975.00
-
28%
on the income between
$112,650 and $182,400;
plus $23,225.00
-
33%
on the income between
$182,400 and $357,700;
plus $42,755.00
-
35%
on the income over
$357,700; plus
$100,604.00
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