Inflation pushes up the thresholds each year and these charts represent the new tax brackets for 2008.
| Tax rate |
Single filers |
Married filing jointly |
| 10 percent |
up to $8,025 |
up to $16,050 |
| 15 percent |
$8,026-$32,550 |
$16,051-$65,100 |
| 25 percent |
$32,551-$78,850 |
$65,101-$131,450 |
| 28 percent |
$78,851-$164-550 |
$131,451-$200,300 |
| 33 percent |
$164,551-$357,700 |
$200,301-357,700 |
| 35 percent |
$357,701 or more |
$357,701 or more |
| Tax rate |
Head of household |
Married filing separately |
| 10 percent |
up to $11,450 |
up to $8,025 |
| 15 percent |
$11,451-$43,650 |
$8,026-$32,550 |
| 25 percent |
$43,651-$112,650 |
$32,551-$65,725 |
| 28 percent |
$112,651-$182,400 |
$65,726-$100,150 |
| 33 percent |
$182,401-$357,700 |
$100,151-$178,850 |
35 percent |
$357,701 or more |
$178,851 or more |
Religion
Rm By Roland Mouret
Piquadro
Great idea for a post. However, not so great for my bank account :\.
1Ugh, thanks.
2not pretty...
3awesome post
4thank you!
How depressing! And no, I had NO IDEA what tax bracket I was in!
5can you do a post on the difference between married filing jointly and married filing separately? I don't know which one to do or how to choose!
6Great post. I was just wondering about this.
7Oh crap, my tax bracket is going up for 2008.
8Lawchick, good question! I'd love to know which one is better also.
9I think "married filing jointly" is usually best for most married couples, unless you really don't want to be responsible for your spouse's taxes or you have a ton of itemized deductions. If you are "married filing separately," you might not be eligible for the same amount of deductions that "married filing jointly" couples can get.
10Nothing pisses me off more than a third of my hard-earned money is going to causes (ahem, wanting to bomb the entire mid east into oblivion) that I don't support.
11My tax rate is 35%? That seems low. I feel like it's closer to 40%.
12My mom cannot work since anything she would make would be taken for taxes since my dad is in the topmost bracket. She's his personal secretary now! It's an awful job.
13Post New Comment
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