0
The low tax bracket for 2008 federal tax brackets is 10 percent for taxable income between $0 and $8,025. The high tax bracket for 2008 is 35 percent for taxable income between $357,700 and above.
For 2009 federal tax brackets, the low tax bracket is 10 percent for taxable income between $0 and $8,350. The high tax bracket is 35 percent for taxable income between $372,950 and up.
For more information, go to www.irs.gov/newsroom for Article IR-2007-172 (2008 Inflation Adjustments Widen Tax Brackets) and IR-2008-117 (2009 Inflation Adjustments Widen Tax Brackets and Expand Tax Benefits).
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
What is a graduated income tax?
Like the one i the US where there are brackets of percentages of tax, that get larger as the income gets larger. A low earner pay a low percent, a higher earner a higher percent.
What is the purpose of the income tax brackets?
Income tax brackets enable the progressive taxation of income.
Who started the tax brackets?
The Sweedish National tax government did so
When as far as tax brackets go is it counterproductive for a spouse to work?
Never. Tax brackets are on the next dollar...so you never make less by making more!
How many different tax brackets are in the us?
6
How often do federal tax brackets change?
Tax brackets are the specific tax rates people pay according to their incomes. These tax brackets can change every year. One may also change tax brackets if they have an income increase or decrease.
What is a graduated tax?
Like the one i the US where there are brackets of percentages of tax, that get larger as the income gets larger. A low earner pay a low percent, a higher earner a higher percent.
What is a graduated income tax?
Like the one i the US where there are brackets of percentages of tax, that get larger as the income gets larger. A low earner pay a low percent, a higher earner a higher percent.
What is the purpose of the income tax brackets?
Income tax brackets enable the progressive taxation of income.
Who started the tax brackets?
The Sweedish National tax government did so
How many tax brackets are in the US?
6
Do tax payers pay USPS salaries?
The answer is NO.
Which country uses tax brackets as part of its tax system?
South africa
When as far as tax brackets go is it counterproductive for a spouse to work?
Never. Tax brackets are on the next dollar...so you never make less by making more!
How much tax does Idaho charge for winning a sweepstakes?
Personal Income Taxes Tax Rate Range: Low - 1.6%; High - 7.8%Income Brackets: * Lowest - $1,272; Highest - $25,441http://retirementliving.com/RLstate1.html#IDAHOFor further information, visit the Idaho State Tax Commission site. Information for newcomers. Tax helpline - 800-972-7660.http://tax.idaho.gov/index.cfm
How many different tax brackets are in the us?
6
What tax bracket will you be in with a 35000 income with no dependents?
The 10% and the 15% marginal tax brackets.
