Accessing the income tax rate for 2010-2011 is simple. Just call or go by your local IRS or Social Security office. They usually have copies of the tax forms there.
Between 2010 and 2011, the standard deduction for Singles increased from $5700 to $5800. For Married couples filing jointly, the standard deduction increased from $11,400 to $11,600.
The president and congress have extented the Bush tax cuts for 2011. The tax rate will stay the same as it was in 2010 and since the extension is for two years you can look for the same rates in 2012.
The FUTA rate for 2010 remained the same at 6.2% through June 30, 2011. It decreased to 6.0% July 1, 2011.
The federal long term capital gains rate is 15% for most people. For low income people in 2008 thru 2010, the rate is 0%. The federal rate for short term capital gains is the same as the rate on ordinary income. In addition, state income taxes may apply, which vary by state.
The taxable amount of the distribution is added to all of your other gross income and taxed at your marginal tax rate. The tax rate schedule for the marginal tax rate on taxable income starts at -0- %, 10 %, 15 %. 25 %, 28 %, 33 % and goes to the 35% maximum rate for the year 2010. Your filing status will be needed for you to determine your marginal tax rates on your taxable income for the year. Go to the IRS gov web site and use the search box for 2010 1040ES go to page 8 to find the rate for your filing status on your 1040 income tax return.
The income tax rate in California has slightly increased between the years 2010 and 2011. Currently the new income tax has raised to around five percent.
The latest income tax slabs for 2010-2011 can be found here Go to financeminister.in Click on the below Related Link
The income tax rate from 2010 and 2011 hasn't changed that much. The only thing that has changed is that now there are a number of new deductions that are on the 2011 tax forums.
Between 2010 and 2011, the standard deduction for Singles increased from $5700 to $5800. For Married couples filing jointly, the standard deduction increased from $11,400 to $11,600.
How Are you
Go to the INDIA gov in website at the enclosed web address for some information The tax liability to be computed for AY 2010 -2011 is as per the under http://www.india.gov.in/citizen/income-tax.php
The president and congress have extented the Bush tax cuts for 2011. The tax rate will stay the same as it was in 2010 and since the extension is for two years you can look for the same rates in 2012.
At this time JULY 9 2010 no one knows what the income tax rate will be for the tax year 2011 when you file the 2011 tax year income tax return in the year 2012. And there is not expected to be a tax rate on "salary income" and never has been. Tax is paid on either taxable income - which is different than "salary" by many factors, including acceptable deductions and exemptions, and many other things, with a different rate applied only to certain Long Term Capital Gains or entirely exempt income. It would be uncommon for 2 people, even working the same job with identical salaries, to pay the same tax.
The FUTA rate for 2010 remained the same at 6.2% through June 30, 2011. It decreased to 6.0% July 1, 2011.
The Social Security tax rate for self-employment income in 2011 was 12.4%. This tax is calculated based on the net self-employment income and is used to fund the Social Security benefits program.
Marginal Tax Rate Calculator Knowing your income tax rate can help you calculate your tax liability for unexpected income, retirement planning or investment income. This calculator helps you estimate your average tax rate, your current tax bracket, and your marginal tax rate for the 2010 tax year. Please note that this calculator uses the 2010 preliminary tax tables subject to change by the IRS.
The federal long term capital gains rate is 15% for most people. For low income people in 2008 thru 2010, the rate is 0%. The federal rate for short term capital gains is the same as the rate on ordinary income. In addition, state income taxes may apply, which vary by state.