site search
Empowerment through unbiased financial education
Home
Event Schedule
Calculators Home
Invest Your Withholdings?
 

"I left the seminar with hope and control of my future."

- Marcos B.

 

Financial
Workshops
JoinResourcesBooksBlogMediaTax PrepAboutContact
Financial Planning Resource Center

Tax Schedules For the Year 2007

Your marginal tax rate is based on your filing status and taxable income. First, determine your filing status. If you don't expect any changes, see which box you checked in lines 1-5 of your 2006 Form 1040 to see your filing status. Similarly, your 2006 taxable income can be found on line 43 of Form 1040. Find the correct filing status table below and then look for your range of income. Your marginal tax rate is the percentage mentioned in the third column.

First, choose Your Filing Status:
SingleMarried Filing JointlyMarried Filing SeparatelyHead of Household

Single

If taxable income is over:but not over:the tax is:
$0$7,82510 percent of the amount over $0
$7,825$31,850$782.50 plus 15 percent of the amount over $7,825
$31,850$77,100$4,386.25 plus 25 percent of the amount over $31,850
$77,100$160,850$15,698.75 plus 28 percent of the amount over $77,100
$160,850$349,700$39,148.75 plus 33 percent of the amount over $160,850
$349,700no limit$101,469.25 plus 35 percent of the amount over $349,700
If taxable income is over:but not over:the tax is:
$0$15,65010 percent of the amount over $0
$15,650$63,700$1,565.00 plus 15 percent of the amount over $15,650
$63,700$128,500$8,772.50 plus 25 percent of the amount over $63,700
$128,500$195,850$24,972.50 plus 28 percent of the amount over $128,500
$195,850$349,700$43,830.50 plus 33 percent of the amount over $195,850
$349,700no limit$94,601.00 plus 35 percent of the amount over $349,700

 

If taxable income is over:but not over:the tax is:
$0$7,82510 percent of the amount over $0
$15,650$31,850$782.50 plus 15 percent of the amount over $7,825
$31,850$64,250$4,386.25 plus 25 percent of the amount over $31,850
$64,250$97,925$12,486.25 plus 28 percent of the amount over $64,250
$97,925$174,850$21,915.25 plus 33 percent of the amount over $97,925
$174,850no limit$47,300.50 plus 35 percent of the amount over $174,850

 

If taxable income is over:but not over:the tax is:
$0$11,20010 percent of the amount over $0
$11,200$42,650$1,120.00 plus 15 percent of the amount over $11,200
$42,650$110,100$5,387.50 plus 25 percent of the amount over $42,650
$110,100$178,350$22,700 plus 28 percent of the amount over $110,100
$178,350$349,700$41,810.00 plus 33 percent of the amount over $178,350
$349,700no limit$98,355.50 plus 35 percent of the amount over $349,700


Site Map  |  Send This Page To a Friend  |  Terms and Conditions  |  Privacy Policy

Copyright Total Candor LLC, 2017