What are the different income tax groups?

Income tax cabacks at the federal level are changing year by year, sometimes drastically, depending on what policies the government has decided to implement. Currently, there are currently six different income tax groups based on your income as the only filler, a couple who serves together, a married couple together, or the head of the household. Generally, the tax shift in lower income tax is relatively smaller year by year, but sometimes a major shift will be introduced, either to increase or reduce the tax burden on a particular parentheses. The brackets themselves have also shifted annually, so you can land in one parentheses for one year and another bracket.

In 2008, six income tax classes were for each file, from USD in USD (USD) to $ 357,700 and increase. The first holder ranging from $ 0 to $ 8,025 was 10%; The second holder, ranging from $ 8,025 to $ 32,550, had a taxVou rate of 15%; The third holder, ranging from $ 32,550 to $ 78,850, had a tax rate of 25%; The fourth holder, ranging from $ 78,850 to $ 164,550, had a tax rate of 28%; The fifth holder, ranging from $ 164,550 to $ 357,700, had a tax rate of 33%; and the sixth and final holder covering all incomes of $ 357,700 and the increase was 35%. While the tax rates remained the same for different states of submission, parentheses have shifted.

For example, in 2008, a person administered as a head of household would fall into the third holder if they earned between $ 43,650 and $ 112,650, which reflects the fact that they must support other members. Together, the administration of the married couple would fall into the third holder if they earned between $ 65,100 and $ 131,450, almost double the only range of filler. And the couple, which is served separately, would fall into the third parentheses between $ 32,550 and $ 65,725.

In 2009, tax rates remained the same as in 2008, although the holders moved slightly. For exampleLAD upper range on the first holder reached $ 8,350, reached $ 33,950 on the second holder and the qualification for the sixth holder increased to $ 372,950. These shifts are relatively small and largely only responsible for inflation.

Multiple drastic shifts can be seen to compare years back. For example, in 2000 there were only five brackets, while the lowest current console was basically eliminated. The tax rate itself was slightly different: for the first parenthesis 15%, 28% for the second, 31% for the third, 36% for the fourth and 39.6% for the fifth. The fifth holder included anyone who earned $ 288,350 USD or more, so the current income tax groups are much more favorable for high earnings. For example, a person who earns $ 300,000 in 2000 would pay 39.6%, ie $ 118,800; In 2008 that the same person would fall into the fifth holder, with a tax rate of 33%, ie $ 99,000, saving $ 19,000.