2007 INCOME TAX RATES

FEDERAL: Income Level_____ __…………………………….................………………………….….Tax Bracket

Single …………………………….........………… Married______

$ 0-$ 7,825……………………….………...…$...... 0-$ 15,650…….……………………………....10%

$ 7,825-$ 31,850……........……………….…$15,650-$63,700………..……………………….….15%

$ 31,850-$ 77,100…………………………….$ 63,700-$128,500….…………………….………..25%

$ 77,100-$160,850…………………………....$128,500-$195,850……………….……………….28%

$160,850-$349,700……... ………………...…$195,850-$349,700……………………………… 33%

$349,700 and over…………….. …………….$349,700 and over…………………………….. 35%


CALIFORNIA: ……… Income Level__ ______……………………………….…………………Tax Bracket
 
 

Single …………….. ………………………Married

$ .....0-$ 6,827…………………………… $ 0-$ 13,654 ………………………..………………….1%

$ 6,827-$ 16,185…………………… $ 13,654-$ 32,370……………………….………………… 2%

$ 16,185-$ 25,544………………….. $ 32,370-$ 51,088 …………………………………………4%

$ 25,544-$ 35,460………………….. $ 51,088-$ 70,920………………………………………… 6%

$ 35,460-$ 44,814 …………………..$ 70,920-$ 89,628………………………………………… 8%

$ 44,814 and over …………………..$ 89,628 and over ………………………………………9.3%

This is a partial list, contact us for more detailed information.


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