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The low tax bracket for 2008 federal tax brackets is 10 percent for taxable income between $0 and $8,025. The high tax bracket for 2008 is 35 percent for taxable income between $357,700 and above.
For 2009 federal tax brackets, the low tax bracket is 10 percent for taxable income between $0 and $8,350. The high tax bracket is 35 percent for taxable income between $372,950 and up.
For more information, go to www.irs.gov/newsroom for Article IR-2007-172 (2008 Inflation Adjustments Widen Tax Brackets) and IR-2008-117 (2009 Inflation Adjustments Widen Tax Brackets and Expand Tax Benefits).
What else can I help you with?
What is a graduated income tax?
Like the one i the US where there are brackets of percentages of tax, that get larger as the income gets larger. A low earner pay a low percent, a higher earner a higher percent.
What is the purpose of the income tax brackets?
Income tax brackets enable the progressive taxation of income.
Who started the tax brackets?
The Sweedish National tax government did so
When as far as tax brackets go is it counterproductive for a spouse to work?
Never. Tax brackets are on the next dollar...so you never make less by making more!
What tax bracket will you be in with a 35000 income with no dependents?
The 10% and the 15% marginal tax brackets.
How often do federal tax brackets change?
Tax brackets are the specific tax rates people pay according to their incomes. These tax brackets can change every year. One may also change tax brackets if they have an income increase or decrease.
What is a graduated tax?
Like the one i the US where there are brackets of percentages of tax, that get larger as the income gets larger. A low earner pay a low percent, a higher earner a higher percent.
What is a graduated income tax?
Like the one i the US where there are brackets of percentages of tax, that get larger as the income gets larger. A low earner pay a low percent, a higher earner a higher percent.
Can you provide a visual representation of the different tax brackets in a tax bracket graph?
Yes, I can provide a visual representation of tax brackets in a graph.
What is the purpose of the income tax brackets?
Income tax brackets enable the progressive taxation of income.
Who started the tax brackets?
The Sweedish National tax government did so
Do retirees fall into the same tax brackets as everyone else?
Yes, the tax brackets apply to everyone. However, depending upon the type of retirement account, they may not have to pay taxes on some of the money, as they have already paid taxes on it.
How many tax brackets are in the US?
6
What are the federal tax brackets for married couples?
The federal tax brackets for married couples are based on their combined income, with rates ranging from 10 to 37.
Which country uses tax brackets as part of its tax system?
South africa
Do tax payers pay USPS salaries?
The answer is NO.
What are the tax brackets for married couples?
Tax brackets for married couples are based on their combined income. The brackets are divided into different percentages based on income levels, with higher incomes generally taxed at higher rates.
