0
Max is 35%, at what point that comes in to effect depends on your filing status (single, married, etc) and you pay the tax at the lower rate on your income up to that point.
Also, the tax is on TAXABLE income, which is generally different, frequently by substantial amounts, from your payroll earnings.
I'll post an example below...hope it holds format.
See link: http://www.irs.gov/formspubs/article/0,,id=164272,00.html
{| ! id="tbl586id0_0" scope="col" | If taxable income is over-- |- ! id="tbl586id0_1" scope="col" | But not over-- ! id="tbl586id0_2" scope="col" | The tax is: | $0 $7,825 10% of the amount over $0 $7,825 $31,850 $782.50 plus 15% of the amount over 7,825 $31,850 $77,100 $4,386.25 plus 25% of the amount over 31,850 $77,100 $160,850 $15,698.75 plus 28% of the amount over 77,100 $160,850 $349,700 $39,148.75 plus 33% of the amount over 160,850 $349,700 no limit $101,469.25 plus 35% of the amount over 349,700
|}
Wiki User
∙ 15y ago
Add your answer:
Earn +20 pts
What is the maximum federal personal income tax rate?
35%
What is the tax rate on a 401k withdrawn?
The Federal ordinary income tax rate on the 401k funds withdrawn depend on the tax rate of the individual drawing the funds. Early withdrawals (distributions before the age of 59.5) are generally struck with an additional 10% penalty on top of the federal and state income taxes due by the individual.
What are the federal and NYS tax rates on alimony received?
The rate would be your marginal tax rate after your income tax return is completed correctly. From the -0-% to the maximum 35% rate.
What is the highest federal income tax rate ever levied on individual US citizens?
jo mam sukas
What are the tax percent on a dallor?
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.
What percent of federal taxes are paid by those making 100000 or more?
The federal marginal income tax rate bracket amounts would be from the 25% to the maximum 35% amount for income over 100000 in the year 2009.
What is federal tax in NY state?
The federal 1040 income tax return rates are the same when you file the 1040 income tax return from any state. 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. 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 for your taxable income.
What is the monthly Federal Tax Rate?
Federal Tax Rate Table based on income
What is the maximum interest rate for a student loan consolidation loan?
The maximum interest rate for consolidating FEDERAL student loans is 8.25%. If your student loans are not federal loans, though, there is no maximum interest rate.
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.
In the state of Kentucky if i win the lottery is it considered income?
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.
What is the income tax withhold rate in Arizona?
That will vary greatly based on your income. The maximum rate in Arizona is 4.54% as of 2016.
