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People who file single, married filing jointly and head of household and make $349,700 pay the highest taxes. They pay a base amount on the $349,700 and then 35% on any amount over that. You can see tax schedules here: http://www.irs.gov/formspubs/article/0,,id=164272,00.html. You can also use a tax calculator if you're not into manual calculations. http://www.taxseason2009.com/tax-calculator/tax-calculators

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Q: What tax bracket pays the highest percentage of federal income tax?
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Percentage to pay in federal income tax?

You do not have a set percentage amount that each taxpayer would pay annually in taxes. The tax bracket percentage amounts change for each taxpayers amount of taxable income that they end up having to use to determine the correct amount of their federal income tax liability after the federal income tax return is completed correctly down to the line on the 1040 federal income tax return that says taxable income. Then you would know the amount of your federal income liability for the year and would be able to determine your percent that is being collected from you from your income for the tax year.


How much taxes do you pay on a slip and fall settlement?

The settlement will be listed as income on your Federal tax return. You will pay the tax percentage of the bracket you are in that year.


What percentage do you have to pay for taxes in a year?

You do not have a set percentage amount that each taxpayer would pay annually in taxes. The tax bracket percentage amounts change for each taxpayers amount of taxable income that they end up having to use to determine the correct amount of their federal income tax liability after the federal income tax return is completed correctly down to the line on the 1040 federal income tax return that says taxable income. Then you would know the amount of your federal income liability for the year and would be able to determine your percent that is being collected from you from your income for the tax year.


What is the percent do people pay annually in taxes?

You do not have a set percentage amount that each taxpayer would pay annually in taxes. The tax bracket percentage amounts change for each taxpayers amount of taxable income that they end up having to use to determine the correct amount of their federal income tax liability after the federal income tax return is completed correctly down to the line on the 1040 federal income tax return that says taxable income. Then you would know the amount of your federal income liability for the year and would be able to determine your percent that is being collected from you from your income for the tax year.


What is the difference between rates and taxes?

This would depend on how the words are used. The federal income tax marginal tax rates (brackets) would be the percentage amount that is applied to each bracket amount of income for that filing status. The bracket percentage amount go from -0- percent to the maximum 35% for the 2009 tax year income. Taxes Income tax liability would be the amount of taxes that is owed on your taxable income at your marginal tax rates after your income tax return is completed correctly for the year.

Related questions

Is your federal tax bracket your average tax rate?

No the federal tax brackets would NOT be your average income tax rate on your income. Each separate federal tax bracket amount is your marginal tax rate for that amount of your taxable income that is in that bracket amount.


What region of the nation receives the highest percentage of its revenues from the federal government?

corporate income taxesindividual income taxessales taxproperty tax


Percentage to pay in federal income tax?

You do not have a set percentage amount that each taxpayer would pay annually in taxes. The tax bracket percentage amounts change for each taxpayers amount of taxable income that they end up having to use to determine the correct amount of their federal income tax liability after the federal income tax return is completed correctly down to the line on the 1040 federal income tax return that says taxable income. Then you would know the amount of your federal income liability for the year and would be able to determine your percent that is being collected from you from your income for the tax year.


What was the highest percentage income tax in 1918?

The Highest percentage income tax in the year of 1918 was 77%


How much taxes do you pay on a slip and fall settlement?

The settlement will be listed as income on your Federal tax return. You will pay the tax percentage of the bracket you are in that year.


What percentage do you have to pay for taxes in a year?

You do not have a set percentage amount that each taxpayer would pay annually in taxes. The tax bracket percentage amounts change for each taxpayers amount of taxable income that they end up having to use to determine the correct amount of their federal income tax liability after the federal income tax return is completed correctly down to the line on the 1040 federal income tax return that says taxable income. Then you would know the amount of your federal income liability for the year and would be able to determine your percent that is being collected from you from your income for the tax year.


What was the highest percentage income tax being paid in 1918?

What was the highest percentage income tax being paid in 1918


What is the percent do people pay annually in taxes?

You do not have a set percentage amount that each taxpayer would pay annually in taxes. The tax bracket percentage amounts change for each taxpayers amount of taxable income that they end up having to use to determine the correct amount of their federal income tax liability after the federal income tax return is completed correctly down to the line on the 1040 federal income tax return that says taxable income. Then you would know the amount of your federal income liability for the year and would be able to determine your percent that is being collected from you from your income for the tax year.


Does federal income tax bracket include Social security Medicare deductions?

SS contributions are not a deduction from taxable income. The tax bracket schedule is on taxable income, that is after all inclusions and exemptions/deductions.


What is the difference between rates and taxes?

This would depend on how the words are used. The federal income tax marginal tax rates (brackets) would be the percentage amount that is applied to each bracket amount of income for that filing status. The bracket percentage amount go from -0- percent to the maximum 35% for the 2009 tax year income. Taxes Income tax liability would be the amount of taxes that is owed on your taxable income at your marginal tax rates after your income tax return is completed correctly for the year.


What are the percentage rates for federal income taxes?

What federal income tax percent should my employer deduct from my wages


What are the federal income tax rates for 2013?

The rate for a federal income tax will vary based on one's income bracket. One can find more information about the 2013 tax year at the official IRS website.