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Income Taxes

What is current US federal income tax rate?


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Answered 2009-04-29 13:48:55

The 2009 federal tax rate schedules can be found in the 2009 Form 1040ES instructions:

http://www.irs.gov/pub/irs-pdf/f1040es.pdf

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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.


Federal Tax Rate Table based on income


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The federal tax rate is based on income, and is constant throughout all states - it's the state tax rate which varies between states.


The tax per annum is determined by the government approved tax rates for particular income brackets. The current tax rate for a 200,000 annual income in the US is 13.8% the federal tax rate is 24.0%.


The United States has a progressive income tax system. The highest current rate of income tax on a personal return is 33%.


After your income tax return is completed correctly you will know what your marginal tax rate was for your taxable income for the year. The federal income tax rate on your taxable income can be from -0- percent to the maximum 35% marginal tax rate depending on your filing status and your total worldwide taxable income.


14% Income tax- Co is 29% Income tax - STC(on dividends) is 10%


In personal tax yes. In corporate, ther is both a current and deferredportion


After your income tax return is completed correctly you will know what your marginal tax rate was for your taxable income for the year. The federal income tax rate on your taxable income can be from -0- percent to the maximum 35% marginal tax rate depending on your filing status and your total worldwide taxable income.


If your federal marginal income tax rate is 15 % and you have 1000 of interest income for the year on the 12 month CD the federal income tax amount would be 150 of federal income tax on the 1000 of interest income.


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.


Arizona state income tax along with a federal tax is usually withheld from your paycheck as you receive it each pay cycle. While the federal income tax rates are set for each income bracket, AZ state income tax rates do not necessarily align with the federal figures. The variable income tax rate for Arizona is determined by AZ state tax legislation. How much income tax that is withheld from your paycheck depends on which tax bracket you fall under. In general the more you make, the more you will be taxed.How Arizona State income tax rates are structuredThere are 5 income tax brackets for Arizona.If your income range is between $0 and $10,000, your tax rate on every dollar of income earned is 2.59%.If your income range is between $10,001 and $25,000, your tax rate on every dollar of income earned is2.88%.If your income range is between $25,001 and $50,000, your tax rate on every dollar of income earned is3.36%.If your income range is between $50,001 and $150,000, your tax rate on every dollar of income earned is4.24%.If your income range is $150,001 and over, your tax rate on every dollar of income earned is 4.54%.Income tax brackets data last updated March 3rd, 2009.


Federal taxes paid or payable, (even if paid in the current year), aren't deductible in calculating your federal taxable income. State income tax payments may be deductible in determining your federal tax taxable income. And refunds received of a prior years State income tax may therefore be included in the current years federal taxable income.


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The rate would be your marginal tax rate after your income tax return is completed correctly. From the -0-% to the maximum 35% rate.


The income tax rate using the 1040 Federal income tax rate on your TAXABLE INCOME after your 1040 income tax return is completed correctly to page 2 of the 1040 income tax return line 43 TAXABLE INCOME can be from 10% to the maximum 35% rate.Go to the IRS gov website and use the search box for 1040ES and go to page 8 for the2010 Tax Rate Schedules. This is July 28 2010.


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.


YES it is taxable income. And you already know that it is taxable income that you will have to report on your federal 1040 income tax return and added the amount to all of your other gross income and the amount will be subject to the federal income tax in the year that they are received at your marginal tax rates. For 2009 and 2010 the marginal tax rate on the federal 1040 income tax return is 10% to the Maximum 35% rate. And of course you could also have some state income taxes to pay on the lottery winnings amount.


In the United States, taxes are not levied according to occupation. An architect's marginal income tax rate depends on his total taxable income and the form under which he is conducting his business.


When you complete your 1040 income tax return correctly will be the time that you will know what your federal tax rate will be on your taxable income at that time it could be any where form the 10% to the maximum 35% rate after you add all of your other gross worldwide income on your 1040 income tax return. For the tax year 2009 if you do NOT have any other income the marginal tax rate for a single taxpayer under age 65 gross income from box 1 of the W-2 form 35000 less 9350 = 25650 of taxable income to the 10% and 15% marginal tax rates for a total income tax of 3430 for the tax year 2009


Illinois Personal Income Taxes Tax Rate Range: Flat rate of 3% of federal adjusted gross income


If you are talking about your amount paid with your federal tax return, the answer is no. You cannot deduct your previous years federal income tax on your current years tax return. You can deduct on Schedule A the amount paid on your State income tax return if you itemize your taxes.


treated as ordinary income and taxed at your ordinary income tax rate. No breaks as in Federal !


The federal personal income tax is an example of progressive tax.