2007 Individual Tax Rates

The U.S. income tax is a graduated tax, designed so that people pay an increasing percentage rate as their income rises through various tax brackets, outlined below.

 Married Filing Jointly ($)

            0 to 15,650                  10%

            15,651 to 63,700         15%

            63,701 to 128,500       25%

            128,501 to 195,850     28%

            195,851 to 349,700     33%

            Over 349,700              35%

 Head of Household ($)                        

            0 to 11,200                  10%

            11,201 to 42,650         15%

            42,651 to 110,100         25%

            110,101 to 178,350       28%

            178,351 to 349,700     33%

            Over 349,700              35%

 Single   ($)

            0 to 7,825                    10%

            7,826 to 31,850           15%

            31,851 to 77,100         25%

            77,101 to 160,850       28%

            160,851 to 349,700     33%

            Over 349,700              35%

 Married Filing Separately         

            0 to 7,825                    10%

            7,826 to 31,850           15%

            31,851 to 64,260         25%

            64,261 to 97,925         28%

            97,926to 174,850       33%

            Over 174,850              35%