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2008 Federal Tax Rate Schedules

These tax rate schedules are provided to help you estimate your 2008 federal income tax. They also make it easy to see which tax bracket you’re in. As you can see in the first table below, for example, on a single return, the 25 percent bracket encompasses taxable income between $32,550 and $78,850. If you fall in that bracket, then every extra dollar of taxable income adds 25 cents to your income tax bill. When taxable income exceeds $78,850, you slip into the 28% bracket.
That does not mean the government gets 28 cents of every dollar you earn, but rather of every dollar of taxable income between $78,850 and $164,500.

...these tax rate schedules are provided to help you estimate your 2008 federal income tax....

Single

If taxable income is over—	But not over—	The tax is:
$0	$8,025	10% of the amount over $0
$8,025	$32,550	$802.50 plus 15% of the amount over $8,025
$32,550	$78,850	$4,481.25 plus 25% of the amount over $32,550
$78,850	$164,550	$16,056.25 plus 28% of the amount over $78,850
$164,550	$357,700	$40,052.25 plus 33% of the amount over $164,550
$357,700	no limit	$103,791.75 plus 35% of the amount over $357,700

Married Filing Jointly or Qualifying Widow(er)

If taxable income is over—	But not over—	The tax is:
$0	$16,050	10% of the amount over $0
$16,050	$65,100	$1,605.00 plus 15% of the amount over $16,050
$65,100	$131,450	$8,962.50 plus 25% of the amount over $65,100
$131,450	$200,300	$25,550.000 plus 28% of the amount over $131,450
$200,300	$357,700	$44,828.00 plus 33% of the amount over $200,300
$357,700	no limit	$96,770.00 plus 35% of the amount over $357,700

Married Filing Separately

If taxable income is over—	But not over—	The tax is:
$0	$8,025	10% of the amount over $0
$8,025	$32,550	$802.50 plus 15% of the amount over $8,025
$32,550	$65,725	$4,481.25 plus 25% of the amount over $32,550
$65,725	$100,150	$12,775.00 plus 28% of the amount over $65,725
$100,150	$178,850	$22,414.00 plus 33% of the amount over $100,150
$178,850	no limit	$48,385.00 plus 35% of the amount over $178,850

Head of Household

If taxable income is over—	But not over—	The tax is:
$0	$11,450	10% of the amount over $0
$11,450	$43,650	$1,145.00 plus 15% of the amount over $11,450
$43,650	$112,650	$5,975.00 plus 25% of the amount over $43,650
$112,650	$182,400	$23,225.00 plus 28% of the amount over $112,650
$182,400	$357,700	$42,755.00 plus 33% of the amount over $182,400
$357,700	no limit	$100,604.00 plus 35% of the amount over $357,700

Updated for tax year 2008. Content provided by Kiplinger, courtesy of TurboTax, a registered trademark of Intuit Inc.

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