2008 Income Tax Rates, Phaseouts, Limits, etc.
Tax Rates
|
Phaseouts
|
Limits and Other Information
For SINGLE taxpayers
| 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 |
| $32,500 |
$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 |
| $357,000 |
No limit |
$103,791.75 plus 35% of the excess over $357,700 |
For HEAD OF HOUSEHOLD taxpayers
| 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 plus 15% of the amount over $11,450 |
| $43,650 |
$112,650 |
$5,975 plus 25% of the amount over $43,650 |
| $112,650 |
$182,400 |
$23,225 plus 28% of the amount over $112,650 |
| $182,400 |
$357,700 |
$42,755 plus 33% of the amount over $182,400 |
| $357,700 |
No limit |
$100,604 plus 35% of teh excess over $357,700 |
For MARRIED FILING JOINT taxpayers
| 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 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 plus 28% of the amount over $131,450 |
| $200,300 |
$357,700 |
$44,828 plus 33% of the amount over $200,300 |
| $357,700 |
No limit |
$96,770 plus 35% of the excess over $357,700 |
For MARRIED FILING SEPARATE taxpayers
| 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 plus 28% of the amount over $65,725 |
| $100,150 |
$178,850 |
$22,414 plus 33% of the amount over $100,150 |
| $178,850 |
No limit |
$48,385 plus 35% of the excess over $178,850 |
Capital Gains Tax Rates for ALL taxpayers
| Situation |
Your Maximum Capital Gains Rate |
| If in 10% or 15% tax bracket |
0% |
| If above 15% tax bracket |
15% |
| Unrecovered Sec. 1250 gains |
25% |
| Gains on Collectibles |
28% |
|
|
