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| 2008-Individual and Business Income Tax Rates : |
| 2008-Individual Income Tax Rates: |
| Tax Rate |
Your filing Status is “Single” |
| 10% |
$1 - 8,025 |
| 15% |
8,026 - 32,550 |
| 25% |
32,551 - 78,850 |
| 28% |
78,851 - 164,550 |
| 33% |
164,551 - 357,700 |
| 35% |
Over 357,700 |
| Tax Rate |
Your filing Status is “Married Joint” |
| 10% |
$1 - 16,050 |
| 15% |
16,051 - 65,100 |
| 25% |
65,101 - 131,450 |
| 28% |
131,451 - 200,300 |
| 33% |
200,301 - 357,700 |
| 35% |
Over 357,700 |
| Tax Rate |
Your filing Status is “Married Separate” |
| 10% |
$1 - 8,025 |
| 15% |
8,026 - 32,550 |
| 25% |
32,551 - 65,725 |
| 28% |
65,726 - 100,150 |
| 33% |
100,151 - 178,850 |
| 35% |
Over 178,850 |
| Tax Rate |
Your filing Status is “Head of Household” |
| 10% |
$1 - 11,450 |
| 15% |
11,451 - 43,650 |
| 25% |
43,651 - 112,650 |
| 28% |
112,651 - 182,400 |
| 33% |
182,401 - 357,700 |
| 35% |
Over 357,700 |
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| 2008-Corporate Income Tax Rates : |
| |
Taxable income over |
Not over |
Tax rate |
| |
$ 0 |
$50,000 |
15% |
| |
50,000 |
75,000 |
25% |
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75,000 |
100,000 |
34% |
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100,000 |
335,000 |
39% |
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335,000 |
10,000,000 |
34% |
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10,000,000 |
15,000,000 |
35% |
| |
15,000,000 |
18,333,333 |
38% |
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18,333,333 |
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35% |
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| Accumulated Earnings Tax - In addition to the regular tax, a corporation may be liable for an additional tax at the rate of 15% on accumulated taxable income in excess of $250,000. |
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