Tax Rate Schedules
2007
| Single Individuals | |||||||
| Taxable Income | |||||||
| Over | But Not Over | Pay | + % on Excess | of amount over | |||
| $ 0 | $7,825 | $ 0 | 10 % | $ 0 | |||
| 7,825 | 31,850 | 782.50 | 15 | 7,825 | |||
| 31,850 | 77,100 | 4,386.25 | 25 | 31,850 | |||
| 77,100 | 160,850 | 15,698.75 | 28 | 77,100 | |||
| 160,850 | 349,700 | 39,148.75 | 33 | 160,850 | |||
| 349,700 | no limit | 101,469.25 | 35 | 349,700 | |||
| Back | |||||||
| Married Filing Jointly and Surviving | |||||||
| Taxable Income | |||||||
| Over | But Not Over | Pay | + % on Excess | of amount over | |||
| $ 0 | $15,650 | $ 0 | 10 % | $ 0 | |||
| 15,650 | 63,700 | 1,565.00 | 15 | 15,650 | |||
| 63,700 | 128,500 | 8,772.50 | 25 | 63,700 | |||
| 128,500 | 195,850 | 24,972.50 | 28 | 128,500 | |||
| 195,850 | 349,700 | 43,830.50 | 33 | 195,850 | |||
| 349,700 | no limit | 94,601.00 | 35 | 349,700 | |||
| Back | |||||||
| Married Individuals Filing Separately | |||||||
| Taxable Income | |||||||
| Over | But Not Over | Pay | + % on Excess | of amount over | |||
| $ 0 | $7,825 | $ 0 | 10 % | $ 0 | |||
| 7,825 | 31,850 | 782.50 | 15 | 7,825 | |||
| 31,850 | 64,250 | 4,386.25 | 25 | 31,850 | |||
| 64,250 | 97,925 | 12,486.25 | 28 | 64,250 | |||
| 97,925 | 174,850 | 21,915.25 | 33 | 97,925 | |||
| 174,850 | no limit | 47,300.50 | 35 | 174,850 | |||
| Back | |||||||
| Heads of Households | |||||||
| Taxable Income | |||||||
| Over | But Not Over | Pay | + % on Excess | of amount over | |||
| $ 0 | $11,200 | $ 0 | 10 % | $ 0 | |||
| 11,200 | 42,650 | 1,120.00 | 15 | 11,200 | |||
| 42,650 | 110,100 | 5,837.50 | 25 | 42,650 | |||
| 110,100 | 178,350 | 22,700.00 | 28 | 110,100 | |||
| 178,350 | 349,700 | 41,810.00 | 33 | 178,350 | |||
| 349,700 | no limit | 98,355.50 | 35 | 349,700 | |||
| Back | |||||||
| Section 179 Expense Election | |||||||
| maximum deduction limited to taxable income from trade or business | $112,000 | ||||||
| Reduction if cost of Section 179 property exceeds | $450,000 | ||||||
| Back | |||||||
| Standard Mileage Rates: | |||||||
| Business travel | 48.5¢ | ||||||
| Medical/moving | 20¢ | ||||||
| Charitable use | 14¢ | ||||||
| Back | |||||||
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