Individual Tax Rates for 2008
Single Taxpayer(s)
| Tax Rate |
|
| 10% |
$1 - 8,025 |
| 15% |
8,026 - 32,550 |
| 25% |
32,551 - 78,850 |
| 28% |
78,851 - 164,550 |
| 33% |
164,551 - 357,700 |
| 35% |
Over 357,700 |
Married Filing Jointly
Qualifying Widow(er)
| Tax Rate |
|
| 10% |
$1 -16,050 |
| 15% |
16,051 - 65,100 |
| 25% |
65,101 - 131,450 |
| 28% |
131,451 - 200,300 |
| 33% |
200,301 - 357,700 |
| 35% |
Over 357,700 |
Married Filing Separately
| Tax Rate |
|
| 10% |
$1 - 8,025 |
| 15% |
8,026 - 32,550 |
| 25% |
32,551 - 65,725 |
| 28% |
65,726 - 100,150 |
| 33% |
100,151 - 178,850 |
| 35% |
Over 178,850 |
Head of Household
| Tax Rate |
|
| 10% |
$1 - 11,450 |
| 15% |
11,451 - 43,650 |
| 25% |
43,651 - 112,650 |
| 28% |
112,651 - 182,400 |
| 33% |
182,401 - 357,700 |
| 35% |
Over 357,700 |
About the 2008 Individual Income Tax Rates
The income tax rates above are graduated rates. Taxable
income for up to the maximum listed in a given line on the tables
(also referred to as a tax bracket) is taxed at the given rate.
Taxable income that exceeds a particular bracket is then taxed at
the incremental rate for the succeeding bracket. Tax planning
from year to year can help to reduce your tax liability by utilizing
the lower tax brackets.
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