2013 Federal Tax Rate Schedule

US Income Tax Rates


If you want to see the Federal Tax Rate Schedule for 2015, we show below the 2015 US Income Tax Rates so you can see how IRS Income Tax Rates apply to all levels of taxable income.

*CAUTION*: DO NOT use these tax rate schedules to figure 2015 Taxes. Use only to figure 2015 Estimates.



Source: 2015 preliminary tax brackets subject to correction at www.irs.gov



As the Federal Tax Rate Schedule below can be confusing to some who may not have seen this information before, we'll show you an example of how these Federal Personal Income Tax Rates apply to YOU. For this example, we will use the 2015 Federal Tax Rate Schedule X Rates with filing status "SINGLE" - based on the US Income Tax Rates of the United States "Progressive" Tax System.


Pothinus: "Is it possible that Caesar, the conqueror of the world, has time to occupy himself with such a trifle as our taxes?"
Caesar: "My friend, taxes are the chief business of a conqueror of the world." ~George Bernard Shaw, "Caesar and Cleopatra"
(www.QuoteGarden.com)


Hey, psssssst, scroll down this page if you want to see Grover. He doesn't show himself that often anymore ya know...

EXAMPLE:
HOW TO USE THE FEDERAL TAX RATE SCHEDULE:

IRS Income Tax Rates Okay, so filing SINGLE TAX STATUS, let's say your 2015 "TAXABLE" income (after all your deductions and exemptions and credits) is $90,000.

You can use this example and follow it step by step to double check and ensure that you figured out your own tax rates correctly.

Using US income tax rates, here's how our progressive tax system would play out in this example:

$92,000 TAXABLE INCOME - FILING STATUS SINGLE:

Step 1: Take the first $9,225 of that $92,000 and apply the first stage tax indicated, which in this case is 10% or $922.50

So, so far you have a tax due of $922.50 +

Step 2: Take the amount between $9,225 and $37,450 ($37,450 minus $9,225), which is $28,225 - and apply the second stage tax indicated, which in this case is 15% or $4,233.75.

Now, so far your tax due is $922.50 + $4,233.75. +

Step 3: Take the amount between $37,450 and $90,750 ($90,750 minus $37,450), which is $53,300 - and apply the third stage tax indicated, which in the case is 25% or $13,325.00.

Now, so far your tax due is $922.50 + $4,233.75 + $13,325 +

Step 4: Take the amount between $90,750 and $92,000 ($92,000 minus $90,750), which is $1,250 - and apply the fourth stage tax indicated, which in the case is 28% or $350.00.

Now, you have the total tax due on your "TAXABLE" income:

$922.50 + $4,233.75 + $13,325 + $350 = $18,831.25



28 Percent Tax Bracket So the person in the example above is in the 28% tax bracket because the last taxable portion of the income - was taxed at 28%.

However, as a percentage of your total "taxable" income the tax you will pay is over 20% (20.46%) of that.
OUCH!


Now while on the surface, about 20% (or almost one fifth) of your income being taxed right off the top by Uncle Sam may not seem all that steep - keep in mind that this is BEFORE you pay any City and/or State taxes if they apply in your situation, sales tax, gasoline tax, property tax, beverage tax, meal tax, and hotel and other taxes. Now if on top of your US Income Tax Rates, you add all of these other taxes up that you're paying, you may start to be feeling that OUCH right about now!


Below we have broken out the 2015 Federal Tax Rate Schedule in to four Federal Tax Rate Tables for each IRS Filing Status available to you to use when filing your Federal Tax Return.



2015 Federal Tax Rate Schedule
Based On US Income Tax Rates


SCHEDULE X
FOR 2015 FILING STATUS
SINGLE
(Other than Surviving Spouses and Head of Households)

If Taxable
Income Is Over
But Not
Over
The Tax Is
Of The
Amount Over
$0
$9,225
-------- + 10%
$0
$9,225
$37,450
$922.60 + 15%
$9,225
$37,450
$90,750
$5,156.25 + 25%
$37,450
$90,750
$189,300
$18,481.25 + 28%
$90,750
$189,300
$411,500
$46,075.25 + 33%
$189,300
$411,500
$413,200
$119.401.25 + 35%
$411,500
$413,200
$--------
$119,996.25 + 39.6%
$413,200

Thousand Dollar Bill


SCHEDULE Z
FOR 2015 FILING STATUS
HEAD OF HOUSEHOLD

If Taxable
Income Is Over
But Not
Over
The Tax Is
Of The
Amount Over
$0
$13,150
-------- + 10%
$0
$13,150
$50,200
$1,315.00 + 15%
$13,150
$50,200
$129,600
$6,872.50 + 25%
$50,200
$129,600
$209,850
$26,772.50 + 28%
$129,600
$209,850
$411,500
$49,192.50 + 33%
$209,850
$411,500
$439,000
$115,737.50 + 35%
$411,500
$439,000
$--------
$125,362 + 39.6%
$439,000

Thousand Dollar Bill


SCHEDULE Y-1
FOR 2013 FILING STATUS
MARRIED FILING JOINTLY
OR QUALIFYING WIDOW(ER)

If Taxable
Income Is Over
But Not
Over
The Tax Is
Of The
Amount Over
$0
$18,450
-------- + 10%
$0
$18,450
$74,900
$1,845.00 + 15%
$18,450
$74,900
$151,200
$10,312.50 + 25%
$74,900
$151,200
$230,450
$29,387.50 + 28%
$151,200
$230,450
$411,500
$51,577.50 + 33%
$230,450
$411,500
$464,850
$111,324 + 35%
$411,500
$464,850
$--------
$129,996.50 + 39.6%
$464,850

Thousand Dollar Bill


SCHEDULE Y-2
FOR 2013 FILING STATUS
MARRIED FILING SEPARATELY

If Taxable
Income Is Over
But Not
Over
The Tax Is
Of The
Amount Over
$0
$9,225
-------- + 10%
$0
$9,225
$37,450
$992.50 + 15%
$8,925
$37,450
$75,600
$5,156.25 + 25%
$37,450
$75,600
$115,225
$14,693.75 + 28%
$75,600
$115,225
$205,750
$25,788.75 + 33%
$115,225
$205,750
$232,425
$55,662 + 35%
$205,750
$232,425
$--------
$64,998.25 + 39.6%
$232,425



As US Income Tax Rates go, we certainly hope you found on this page the information you were looking for. If you like what we have to offer on this site, please pass it on; yeah, go ahead and tell your friends! Thanks!




Federal Tax Rate Schedule




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