Tax Rates Income

The income tax rate for 2009 listed below is for the marginal tax brackets. Remember these tax rates progressively increase as the income increases. Tax rates apply only to the income listed in each tax bracket range and only to taxable income. Using different adjustments and deductions, including the standard deductions and personal exemptions, will all change a person's taxable income. With the result that taxable income will almost always be less than your total income. Capital gains - such as profits from the sale of property - will almost always be taxed at different tax rates and should be calculated separately.

The following information is taken from IRS Revenue Procedure 2008-66

Single Filing Status (Tax Rate Schedule X)

? 10% on income between $0 and $8,350

? 15% on the income between $8,350 and $33,950; plus $835

? 25% on the income between $33,950 and $82,250; plus $4,675

? 28% on the income between $82,250 and $171,550; plus $16,750

? 33% on the income between $171,550 and $372,950; plus $41,754

? 35% on the income over $372,950; plus $108,216

Married Filing jointly or Qualifying Widow(er) Filing Status (Tax Rate Schedule Y-1)

? 10% on the income between $0 and $16,700

? 15% on the income between $16,700 and $67,900; plus $1,670

? 25% on the income between $67,900 and $137,050; plus $9,350

? 28% on the income between $137,050 and $208,850; plus $26,637.50

? 33% on the income between $208,850 and $372,950; plus $46,741.50

? 35% on the income over $372,950; plus $100,894.50

Married Filing Separately Filing Status (Tax Rate Schedule Y-2)

? 10% on the income between $0 and $8,350

? 15% on the income between $8,350 and $33,950; plus $835

? 25% on the income between $33,950 and $68,525; plus $4,675

? 28% on the income between $68,525 and $104,425; plus $13,318.75

? 33% on the income between $104,425 and $186,475; plus $23,370.75

? 35% on the income over $186,475; plus $50,447.25

Married Filing Separately Filing Status (Tax Rate Schedule Z)

? 10% on the income between $0 and $11,950

? 15% on the income between $11,950 and $45,500; plus $1,195

? 25% on the income between $45,500 and $117,450; plus $6,227.50

? 28% on the income between $117,450 and $190,200; plus $24,215

? 33% on the income between $190,200 and $372,950; plus $44,585

? 35% on the income over $372,950; plus $104,892.50

Note: These tax rate schedules are provided for tax planning purposes. To compute your actual income tax, please see the 2009 instructions from the IRS for Form 1040, 1040A, or 1040EZ as necessary.

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