What were tax brackets in 2010?
What were tax brackets in 2010?
How We Make Money
| Tax rate | Single filers | Married filing jointly or qualifying widow/widower |
|---|---|---|
| 10% | Up to $8,375 | Up to $16,750 |
| 15% | $8,376 – $34,000 | $16,751 – $68,000 |
| 25% | $34,001 – $82,400 | $68,001 – $137,300 |
| 28% | $82,401 – $171,850 | $137,301 – $209,250 |
What are the California tax brackets?
As published on Bankrate.com, California’s income tax brackets for 2019 are:
- 1% for taxable income up to $8,544.
- 2% for taxable income between $8,545 and $20,255.
- 4% for taxable income between $20,256 and $31,969.
- 6% for taxable income between $31,970 and $44,377.
- 8% for taxable income between $44,378 and $56,085.
What were the tax brackets in 2009?
Ordinary taxable income brackets for use in filing 2009 tax returns due April 15, 2010.
| Tax rate | Single filers | Married filing jointly or qualifying widow/widower |
|---|---|---|
| 10% | Up to $8,350 | Up to $16,700 |
| 15% | $8,351 – $33,950 | $16,701 – $67,900 |
| 25% | $33,951 – $82,250 | $67,901 – $137,050 |
| 28% | $82,251 – $171,550 | $137,051 – $208,850 |
What are the 5 tax brackets?
In general, there are seven tax brackets for ordinary income – 10%, 12%, 22%, 24%, 32%, 35% and 37% – with the bracket determined by filers’ taxable income. The federal government uses a progressive tax system, which means that filers with higher incomes pay higher tax rates.
What was the tax rate in 1992?
Federal – 1992 Single Tax Brackets
| Tax Bracket | Tax Rate |
|---|---|
| $0.00+ | 15% |
| $21,450.00+ | 28% |
| $51,900.00+ | 31% |
What is California tax rate 2020?
7.25%
The statewide tax rate is 7.25%. In most areas of California, local jurisdictions have added district taxes that increase the tax owed by a seller. Those district tax rates range from 0.10% to 1.00%.
What are the income tax brackets for 2010?
Federal income tax brackets for 2010. A single person making $50,000 would be in the 25% tax bracket, for example. On this income, the person would pay federal income tax of $4,681.25 plus 25% on the income over $34,000. The $4,681.25 amount covers taxes calculated on income that falls in the 10% and 15% brackets.
What are the income tax brackets in California?
1. California Income Tax Table Tax Bracket (Single) [2] Tax Bracket (Couple) [3] Marginal Tax Rate $0+ $0+ 1.00% $8,809+ $17,618+ 2.00% $20,883+ $41,766+ 4.00% $32,960+ $65,920+ 6.00%
What is the state income tax rate in California?
3. California collects a state income tax at a maximum marginal tax rate of %, spread across tax brackets. Like the Federal Income Tax, California’s income tax allows couples filing jointly to pay a lower overall rate on their combined income with wider tax brackets for joint filers.
What is the federal tax rate for capital gains in 2010?
Taxes on capital gains are generally calculated separately. First, find your filing status, then find your income level. For example, a single person earning $50,000 would be in the 25% tax bracket in 2010. She would pay federal income tax of $4,681.25 plus 25% on her income over $34,000.