2007 Tax Rate Schedule*

If Taxable Income is Over -

But Not Over -

The Tax is

Married Individuals filing Joint Return or Qualifying Widow(er)

$0

$16,650

10% of the amount over $0

$15,650

$63,700

$1,565 plus 15% of the amount over $15,650

$63,700

$128,500

$8,772.50.00 plus 25% of the amount over $63,700

$128,500

$195,850

$24,972.50 plus 28% of the amount over $128,500

$195,850

$349,700

$43,830.50 plus 33% of the amount over $195,850

$349,700

no limit

$94,601 plus 35% of the amount over $349,700

Married individuals filing Separate Returns

$0

$7,825

10% of the amount over $0

$7,825

$31,850

$782.50 plus 15% of the amount over $7,825

$31,850

$64,250

$4,386.25 plus 25% of the amount over $31,850

$64,250

$97,925

$12,486.25 plus 28% of the amount over $64,250

$97,925

$174,850

$21,915.25 plus 33% of the amount over $97,925

$174,850

no limit

$47,300.50 plus 35% of the amount over $174,850

Head of Household

$0

$11,200

10% of the amount over $0

$11,200

$31,850

$1,045.00 plus 15% of the amount over $11,200

$31,850

$110,100

$5,447.50 plus 25% of the amount over $31,850

$110,100

$178,350

$21,197.50 plus 28% of the amount over $110,100

$178,350

$349,700

$39,019.50 plus 33% of the amount over $178,350

$349,700

no limit

$91,819.50 plus 35% of the amount over $349,700

Single

$0

$7,825

10% of the amount over $0

$7,825

$29,700

$782.50 plus 15% of the amount over $7,825

$29,700

$77,100

$4,386.25 plus 25% of the amount over $29,700

$77,100

$160,850

$15,698.75 plus 28% of the amount over $77,100

$160,850

$349,700

$39,148.75 plus 33% of the amount over $160,850

$349,700

no limit

$101,469.25 plus 35% of the amount over $349,700

*Note: The Internal Revenue Service has not issued the tables for 2006 at this time

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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