Cronin & Associates, Ltd.
Accounting & Tax Solutions
Inverness, IL Phone: 847-991-5200 Fax: 847-991-8006
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Cronin & Associates, Ltd. |
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Accounting & Tax Solutions |
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2005 Tax Tables
2006 Tax Tables
2007 Tax Tables
Single Individuals
Married Filing Jointly and Surviving Spouses
Heads of Household
Married Individuals Filing Separately
Single Individuals |
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Taxable Income |
of the |
||||
But Not |
% on |
amount |
|||
Over |
Over |
Pay |
+ |
Excess |
over----- |
$0.00 |
$7,300.00 |
$0.00 |
10% |
$0.00 |
|
$7,300.00 |
$29,700.00 |
$730.00 |
15% |
$7,300.00 |
|
$29,700.00 |
$71,950.00 |
$4,090.00 |
25% |
$29,700.00 |
|
$71,950.00 |
$150,150.00 |
$14,652.50 |
28% |
$71,950.00 |
|
$150,150.00 |
$326,450.00 |
$36,548.50 |
33% |
$150,150.00 |
|
$326,450.00 |
. . . . |
$94,727.50 |
35% |
$326,450.00 |
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Married Filing Jointly and Surviving Spouses |
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Taxable Income |
of the |
||||
But Not |
% on |
amount |
|||
Over |
Over |
Pay |
+ |
Excess |
over--- |
$0.00 |
$14,600 |
$0.00 |
10% |
$0.00 |
|
$14,600.00 |
59,400 |
$1,460.00 |
15% |
$14,600.00 |
|
$59,400.00 |
119,950 |
$8,180.00 |
25% |
$59,400.00 |
|
$119,950.00 |
182,800 |
$23,317.50 |
28% |
$119,950.00 |
|
$182,800.00 |
326,450 |
$40,915.50 |
33% |
$182,800.00 |
|
$326,450.00 |
. . . . |
$88,320.00 |
35% |
$326,450.00 |
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Heads of Households |
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Taxable Income |
of the |
||||
But Not |
% on |
amount |
|||
Over |
Over |
Pay |
+ |
Excess |
over----- |
$0.00 |
$10,450.00 |
$0.00 |
10% |
$0.00 |
|
$10,450.00 |
$39,800.00 |
$1,045.00 |
15% |
$10,450.00 |
|
$39,800.00 |
$102,800.00 |
$5,447.50 |
25% |
$39,800.00 |
|
$102,800.00 |
$166,450.00 |
$21,197.50 |
28% |
$102,800.00 |
|
$166,450.00 |
$326,450.00 |
$39,019.50 |
33% |
$166,450.00 |
|
$326,450.00 |
. . . . |
$91,819.500 |
35% |
$326,450.00 |
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Married Individuals Filing Separately |
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Taxable Income |
of the |
||||
But Not |
% on |
amount |
|||
Over |
Over |
Pay |
+ |
Excess |
over----- |
$0.00 |
$7,300.00 |
$0.00 |
10% |
$0.00 |
|
$7,300.00 |
$29,700.00 |
$730.00 |
15% |
$7,300.00 |
|
$29,700.00 |
$59,975.00 |
$4,090.00 |
25% |
$29,700.00 |
|
$59,975.00 |
$91,400.00 |
$11,658.75 |
28% |
$59,975.00 |
|
$91,400.00 |
$163,225.00 |
$20,457.75 |
33% |
$91,400.00 |
|
$163,225.00 |
. . . . |
$44,160.00 |
35% |
$163,225.00 |
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(Rates may be lower for certain capital gains and dividends. If Alternative Minimum Tax applies, actual tax liabilities will be higher.)
2006 Tax Tables
2007 Tax Tables
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| Home | Our Services | Taxes | Quickbooks® | About Us | Contact Us | Links 1601 Colonial Parkway, Suite B • Inverness, IL 60067 • Phone: (847)991-5200 • Fax: (847)991-8006
  
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