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Table 1. Single Taxable Income Tax Brackets and Rates, 2017
Rate Taxable Income Bracket Tax Owed
10%
$0 to $9,325 10% of Taxable Income
15%
$9,325 to $37,950 $932.50 plus 15% of the excess over $9325
25%
$37,950 to $91,900 $5,226.25 plus 25% of the excess over $37,950
28%
$91,900 to $191,650 $18,713.75 plus 28% of the excess over $91,900
33%
$191,650 to $416,700 $46,643.75 plus 33% of the excess over $191,650
35%
$416,700 to $418,400 $120,910.25 plus 35% of the excess over $416,700
39.60%
$418,400+ $121,505.25 plus 39.6% of the excess over $418,400
Table 2. Married Filing Joint Taxable Income Tax Brackets and Rates, 2017
Rate Taxable Income Bracket Tax Owed
10%
$0 to $18,650 10% of taxable income
15%
$18,650 to $75,900 $1,865 plus 15% of the excess over $18,650
25%
$75,900 to $153,100 $10,452.50 plus 25% of the excess over $75,900
28%
$153,100 to $233,350 $29,752.50 plus 28% of the excess over $153,100
33%
$233,350 to $416,700 $52,222.50 plus 33% of the excess over $233,350
35%
$416,700 to $470,700 $112,728 plus 35% of the excess over $416,700
39.60%
$470,700+ $131,628 plus 39.6% of the excess over $470,700
Table 3. Head of Household Taxable Income Tax Brackets and Rates, 2017
Rate Taxable Income Bracket Tax Owed
10%
$0 to $13,350 10% of taxable income
15%
$13,350 to $50,800 $1,335 plus 15% of the excess over $13,350
25%
$50,800 to $131,200 $6,952.50 plus 25% of the excess over $50,800
28%
$131,200 to $212,500 $27,052.50 plus 28% of the excess over $131,200
33%
$212,500 to $416,700 $49,816.50 plus 33% of the excess over $212,500
35%
$416,700 to $444,500 $117,202.50 plus 35% of the excess over $416,701
39.60%
$444,550+ $126,950 plus 39.6% of the excess over $444,550
Source: IRS.
Standard Deduction and Personal Exemption
The standard deduction for single filers will increase by $50 and $100 for married couples filing jointly (Table 4).
The personal exemption for 2017 remains the same at $4,050.
Table 4. 2017 Standard Deduction and Personal Exemption
Filing Status Deduction Amount
Single $6,350
Married Filing Jointly $12,700
Head of Household $9,350
Personal Exemption $4,050
Source: IRS.
originally posted by: JinMI
a reply to: rockintitz
I'm not saying it's right, I'm saying that's what I paid. Middle class, single with kids I can't/don't claim is a 8!+(4.
originally posted by: rockintitz
Will someone please let me know?
Exactly how much money should I be paying in taxes? State? Federal?
What is fair?
Everyone always speaks as if it's abstract. I want your number.
originally posted by: seeker1963
originally posted by: rockintitz
Will someone please let me know?
Exactly how much money should I be paying in taxes? State? Federal?
What is fair?
Everyone always speaks as if it's abstract. I want your number.
Let me ask you this? How free are you really when you allow your government to tax the dead? Estate tax?
originally posted by: rockintitz
Will someone please let me know?
Exactly how much money should I be paying in taxes? State? Federal?
What is fair?
Everyone always speaks as if it's abstract. I want your number.
originally posted by: JinMI
a reply to: rockintitz
Ah, gotcha, that's not how I read it.
8, 5 and 2 percent. Fed/State/local. Use tax on gasoline and processed foods (not stupidly high however). Perhaps on luxury items as well.