answersLogoWhite

0


Best Answer

For individual US taxpayers at this time 35% is the maximum percentage rate for amounts over 373,650 in the tax year 2010.

MFS the amount is 186,825.

The amounts below the above numbers go from 10% through 33% to reach the maximum 35% rate.

Go to the IRS gov web site and use the search box for 2010 1040ES go to page 8.

You can use the form and instruction to do some estimated tax calculations yourself on your estimated income tax for the year.

You are the only one that has all of the necessary information that will have to be reported on your income tax return for the year in order to do the calculation for the numbers that you are looking for.

If you would like to do some estimated tax calculations you would need to go to the IRS gov web site and use the search box for 1040ES go to page 7 has the estimated tax worksheet. The tax brackets for 2010 will be on page 8 of the 1040ES.

User Avatar

Wiki User

13y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How much is the US federal income tax?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is a federal income tax?

A Federal income tax table is a chart that lays out the tax rates for different levels of income. It is designed to help US taxpayers determine how much they will owe in taxes in a given year.


A federal income tax is?

A Federal income tax table is a chart that lays out the tax rates for different levels of income. It is designed to help US taxpayers determine how much they will owe in taxes in a given year.


What is a federal income tax table?

A Federal income tax table is a chart that lays out the tax rates for different levels of income. It is designed to help US taxpayers determine how much they will owe in taxes in a given year.


What do large US cororations pay in Federal income taxes?

what do large US corporations pay in Federal income tax


Do US citizens have to pay tax on employment income?

Yes. It's called Income Tax. States can require an income tax, and there is tax payable to the Federal Government.


What is the highest US federal corporate income tax rate?

35%.


Do Puerto Rican citizens pay US income tax?

Puerto Ricans are US citizens. US citizens who live in Puerto Rico are not subject to the US Federal income tax on income they make from sources in Puerto Rico. Any Puerto Rican who moves to another part of the US is subject to Federal income tax just as all other US citizens are.


When did paying taxes become mandatory in America?

Taxes became mandatory in America in 1913 with the federal income tax. The 16th Amendment of the US Constitution enacted the federal income tax.


What is the largest source of Federal revenue in us?

Individual Income Tax <3


Which amendment to the US Constitution instituted federal income tax?

sixteenth amendment


When is federal income tax day?

In the US, 15 April is the magic date.


Which tax withholding is required by the US Federal government?

You are required to have paid in at least a total equaling 90% of your total income tax paid in the previous tax year. If you do not have at least that much paid and applied to your tax for the current year through withholding and estimated tax payments then you will be subject to a tax penalty plus interest.