Home Tax Brackets

Tax Brackets

What are the 2009 Tax Brackets?

What are the 2009 Tax Brackets?

Similar to other years, the 2009 tax brackets are a progressive tax system that attaches a higher tax percentage to those individuals who have higher incomes. The United State’s Federal Tax system is a progressive system that levies a larger percentage or tax rate on higher earners. 
In relative terms the tax paid may be similar, however, the vast majority of funding comes from the highest tax bracket. Although tax brackets don’t change in function or system, the caps associated with income fluctuate. The differences in basements and ceilings is associated with inflation; as the dollar changes in value and purchasing power decreases wages are forced to rise. 
Tax brackets for 2009 range from 10 percent to 35 percent. The levy obtained from the Federal tax system is used to fund public services such as transportation, law enforcement agencies, the military, education, infrastructure, and a number of other goods or services. The 2009 tax brackets are as follows:
10 Percent–Single persons with taxable incomes up to $8,350 or married couples with income up to $16,700 fall in this bracket (the lowest of the 2009 tax brackets).
15 Percent–A single person with income between $8,350 and 33,950. If the person is married or files jointly the bracket rises to $16,700 to $67,900
25 Percent–for a single person’s income between $33,951 to $82,250 and a cap at $137,050 for married couples.
28 Percent–A single person with income between $82,251 to $171,550 will pay 28 percent in income taxes. A married couple in this bracket will possess income between $137,050 to $208,850.
33 Percent–A single person with an income between $171,551 to $372,950 will pay 33% in income taxes. Married couples with an income between $208,851 to $372,950 will fall in this bracket.
35 Percent–Individuals paying more than $372,950 pay 35 percent, no matter their filing status.

What are the IRS Tax Brackets?

What are the IRS Tax Brackets?

In the United States, the federal income tax brackets represent the core characteristic of the progressive system. The IRS tax brackets are instituted to all taxpayers of the Untied States. These brackets enable an individual to calculate their expected tax return. In addition, the system is based on the individuals annual income. 
The federal income tax brackets are a proportional taxing system; those individuals who make more money will be taxed at higher rates, while those earning less will be taxed at lower percentage rates. The rates are adjusted each year to account for inflation and changes in wages. In addition, the dollar amounts of the Federal income standard deduction and personal exemption are adjusted annually to account for changes in purchasing power. 
For the most recent tax year, the standard deduction was $5,700 for single individuals, $8,350 for heads of household, and $11,400 for married couples filing a joint return. The majority of taxpayers opt to take the standard deduction rather than spending time to itemize deductions such as charitable contributions or interest payments on equity loans and mortgage payments. 
The calculations associated with the IRS tax brackets are highly complex, however, they use a standard formula that takes into account an assortment of income-based characteristics. The primary aspect of the Federal income tax brackets is that it is a progressive system that taxes higher earners at higher rates.

Knowing the Tax Income Brackets

Knowing the Tax Income Brackets


2011 FEDERAL TAX BRACKETS
SINGLE EARNERS

2011 FEDERAL TAX BRACKETS

• Taxable Income:
Income Tax:
• $0 – $8,500
10% of the amount over $0
• $8,501 – $34,500
$850 plus 15% of the amount over $8,500
• $34,001 – $83,600
$4,750 plus 25% of the amount over $34,000
• $82,601 – $174,400
$17,025 plus 28% of the amount over $83,600
• $174,401 – $379,150
$42,449 plus 33% of the amount over $174,400
• $379,151 +
$110,016.50 plus 35% of the amount over $379,150

MARRIED FILING JOINTLY

2011 FEDERAL TAX BRACKETS

• Taxable Income:
Income Tax:
• $0 – $17,000
10% of the amount over $0
• $17,001 – $69,000
$1,700 plus 15% of the amount over $17,000
• $69,001 – $139,350
$9,500 plus 25% of the amount over $69,000
• $139,351 – $212,300
$27,087.50 plus 28% of the amount over $139,350
• $212,301 – $379,150
$47,513.50 plus 33% of the amount over $212,300
• $379,150 +
$102,574 plus 35% of the amount over $379,150
MARRIED FILING SEPARATELY

2011 FEDERAL TAX BRACKETS

Federal Tax Brackets for those who are Married but File Separately:
• Taxable Income:
Income Tax:
• $0 – $8,500
10% of the amount over $0
• $8,501 – $34,500
$850 plus 15% of the amount over $8,500
• $34,501 – $69,675
$4,750 plus 25% of the amount over $34,500
• $69,676 – $106,150
$13,543.75 plus 28% of the amount over $69,675
• $106,151 – $189,575
$23,756.75 plus 33% of the amount over $106,150
• $189,575 +
$51,287 plus 35% of the amount over $189,575
HEAD OF HOUSEHOLD 

2011 FEDERAL TAX BRACKETS
Federal Tax Brackets for those who file as Head of Household
• Taxable Income:
Income Tax:
• $0 – $12,150
10% of the amount over $0
• $12,151 – $46,250
$1,215 plus 15% of the amount over $12,150
• $46,251 – $119,400
$6,330 plus 25% of the amount over $46,250
• $119,401 – $193,350
$24,617.50 plus 28% of the amount over $119,400
• $193,351 – $379,150
$45,323.50 plus 33% of the amount over $193,350
• $379,151 +
$106,637.50 35% of the amount over $379,150
2012 FEDERAL TAX BRACKETS

SINGLE EARNERS

2012 FEDERAL TAX BRACKETS

• Taxable Income:
Income Tax:
• $0 – $8,700
10% of the amount over $0
• $8,701 – $35,350
$870 plus 15% of the amount over $8,700
• $35,351 – $85,650
$4,867.50 plus 25% of the amount over $35,350
• $85,651 – $178,650
$17,442.50 plus 28% of the amount over $85,650
• $ 178,651 – $388,350
$43,482.50 plus 33% of the amount over $178,650
• $ 388,350 +
$112,683.50 plus 35% of the amount over $388,350
MARRIED FILING JOINTLY

2012 FEDERAL TAX BRACKETS

• Taxable Income:
Income Tax:
• $0 – $17,040
10% of the amount over $0
• $17,041 – $70,700
$1,740 plus 15% of the amount over $17,040
• $70,701 – $142,700
$9,735 plus 25% of the amount over $70,700
• $ 142,701 – $217,450
$27,735 plus 28% of the amount over $142,700
• $ 217,451 – $388,350
$48,665 plus 33% of the amount over $388,350
• $388,350 +
$105,062 plus 35% of the amount over $388,350
MARRIED FILING SEPARATELY

2012 FEDERAL TAX BRACKETS

Federal Tax Brackets for those who are Married but File Separately
• Taxable Income:
Income Tax:
• $0 – $8,700
10% of the amount over $0
• $8,701 – $35,350
$850 plus 15% of the amount over $8,700
• $35,351 – $71,350
$4,750 plus 25% of the amount over $35,350
• $ 71,351 – $108,725
$13,543.75 plus 28% of the amount over $71,350
• $108,726 – $194,175
$23,756.75 plus 33% of the amount over $194,175
• $194,175 +
$51,287 plus 35% of the amount over $194,175
HEAD OF HOUSEHOLD 

2012 FEDERAL TAX BRACKETS

Federal Tax Brackets for those who file as Head of Household
• Taxable Income:
Income Tax:
• $0 – $12,400
10% of the amount over $0
• $12,401 – $47,350
$1,400 plus 15% of the amount over $12,400
• $47,351 – $122,300
$6,642 plus 25% of the amount over $47,350
• $122,301 – $198,050
$25,380 plus 28% of the amount over $122,300
• $198,051 – $388,350
$46,590 plus 33% of the amount over $198,050
• $388,350 +
$109,389 plus 35% of the amount over $388,350


Income tax laws, which are established by the United States Federal Government through the administration efforts of the Internal Revenue Service do not vary based off of income brackets. That being said, the United States taxation system is a progressive model, which entails different tax rates based off the income tax brackets. The laws themselves are universal in regards to a mandatory payment of taxes for income earned, however, the rate at which individuals pay tax will fluctuate based on how income they obtain. 
The progressive model of taxation in regards to the income tax places a greater responsibility on higher-income earners in the United States. Those individuals who make more money will be proportionately taxed at higher rates. As a result of this taxation method, the laws associated with income tax are universal; however, the percentages of the levy will vary in proportion to the individual’s monthly salary. 

The Facts About Income Taxes

The Facts About Income Taxes

The United States Federal Income Tax is a progressive model which adjusts tax rates based on the individual taxpayer’s annual income. As a result of this model, those who earn more money will be taxed at higher rates. 
The rates associated with the model will fluctuate based on the underlying political party’s agenda and interpretation of tax law and various economic factors such as wage rates and inflation. Regardless of the rates, all individuals who earn an income and who are above the age of 18 years old must file an income tax statement with the Internal Revenue Service’s Department.
The income tax brackets are established as the rate the taxpayer pays on the “last dollar” they earn. The income tax is not levied based on a dollar figure, but instead, as a percentage of the individual’s income. In 2010, the lowest tax bracket which was any income from $0 to $8,375 was taxed at a rate of 10%. As a result of this figure, there is no minimum annual income for which a person is required to file an income tax. If an individual obtains an income, whether through employment or a government program, they will be forced to pay an income tax.

CPA Federal Tax Return Status Income Tax Tax Deductions Tax ID Number Tax Preparation Tax Refund Tax Return Tax Software

Oregon Income Tax Forms