Cronin & Associates, Ltd.

Accounting & Tax Solutions
Inverness, IL Phone: 847-991-5200 Fax: 847-991-8006

2007 Tax Tables

2006 Tax Tables
2005 Tax Tables

Single Individuals
Married Filing Jointly and Surviving Spouses
Heads of Household
Married Individuals Filing Separately

 

Single Individuals
Taxable Income
   
of the
But Not
% on
amount
Over
Over
Pay
+
Excess
over-----
$0.00
$7,825.00
$0.00
 
10%
$0.00
$7,825.00
$31,850.00
$782.00
 
15%
$7,825.00
$31,850.00
$77,100.00
$4,386.25
 
25%
$31,850.00
$77,100.00
$160,850.00
$15,698.75
 
28%
$77,100.00
$160,850.00
$349,700.00
$39,148.75
 
33%
$160,850.00
$349,700.00
. . . .
$101,469.25
 
35%
$349,700.00

 

 

Married Filing Jointly and Surviving Spouses
Taxable Income
     
of the
But Not
 
% on
amount
Over
Over
Pay
+
Excess
over---
$0.00
$15,650
$0.00
 
10%
$0.00
$15,650.00
63,700
$1,565.00
 
15%
$15,650.00
$63,700.00
128,500
$8,772.50
 
25%
$63,700.00
$128,500.00
195,850
$24,972.50
 
28%
$128,500.00
$195,850.00
349,700
$43,830.50
 
33%
$195,850.00
$349,700.00
. . . .
$94,601.00
 
35%
$349,700.00

 

 

Heads of Households
 
Taxable Income
 
of the
But Not
 
% on
amount
Over
Over
Pay
+
Excess
over-----
$0.00
$11,200.00
$0.00
 
10%
$0.00
$11,200.00
$42,650.00
$1,120.00
 
15%
$11,200.00
$42,650.00
$110,100.00
$5,837.50
 
25%
$42,650.00
$110,100.00
$178,350.00
$22,700.00
 
28%
$110,100.00
$178,350.00
$349,700.00
$41,810.00
 
33%
$178,350.00
$349,700.00
. . . .
$98,355.50
 
35%
$349,700.00

 

 

Married Individuals Filing Separately
Taxable Income
 
of the
But Not
% on
amount
Over
Over
Pay
+
Excess
over-----
$0.00
$7,825.00
$0.00
10%
$0.00
$7,825.00
$31,850.00
$782.50
15%
$7,825.00
$31,850.00
$64,250.00
$4,386.25
25%
$31,850.00
$64,250.00
$97,925.00
$12,486.25
28%
$64,250.00
$97,925.00
$174,850.00
$21,915.25
33%
$97,925.00
$174,850.00
. . . .
$47,300.50
35%
$174,850.00

 

 

(Rates may be lower for certain capital gains and dividends. If Alternative Minimum Tax applies, actual tax liabilities will be higher.)

 

2005 Tax Tables
2006 Tax Tables

 

Call for a Free Initial Consultation 847-991-5200

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1601 Colonial Parkway, Suite B • Inverness, IL 60067 • Phone: (847)991-5200 • Fax: (847)991-8006

The information presented in this website is only of a general nature, may omit many details and special rules, is current only as of its published date, and accordingly cannot be regarded as legal or tax advice. Please contact our office for more information on this subject and how it pertains to your specific tax or financial situation.