Federal Income Tax Rates

The following Federal Income Tax Rates come directly from the U.S. Master Tax Guide for the years 2002 and 2003.   The 2003 rate schedules are based on projections reflecting the Economic Growth and Tax Relief Reconciliation Act of 2001 which became effective July 1, 2001.

2003 Federal Income Tax Rate Schedule - Single Individuals

If your income is over

 But Not Over Pay

+

 % of Excess of the amount over
$ 0 $ 6,000 $ 0 10 $ 0
6,000 28,400 600 15 6,00 0
28,400 68,800 3,960 27 28,400
68,800 143,500 14,868 30 68,800
143,500 311,950 37,278 35 143,500
311,950 96,235 38.6 311,950

2004 Federal Income Tax Rate Schedule - Single Individuals

If your income is over

 But Not Over Pay

+

 % of Excess of the amount over
$ 0 $ 7,150 $ 0 10 $ 0
$ 7,150 29,050 715 15 $ 7,150
29,050 70,350 4,000 25 29,050
70,350 146,750 14,325 28 70,350
146,750 319,100 35,717 33 146,750
319,100 86,328 35 319,100

 

2003 Federal Income Tax Rate Schedule - Married Filing Jointly

If your income is over

 But Not Over Pay

+

 % of Excess of the amount over
$ 0 $ 12,000 $ 0 10 $ 0
12,000 47,450 1,200 15 12,000
47,450 114,650 6,517 27 47,450
114,650 174,700 24,661 30 114,650
174,700 311,950 42,676 35 174,700
311,950 90,714 38.6 311,950

2004 Federal Income Tax Rate Schedule - Married Filing Jointly

If your income is over

 But Not Over Pay

+

 % of Excess of the amount over
$ 0 $ 14,300 $ 0 10 $ 0
$ 14,300 58,100 1,430 15 $ 14,300
58,100 117,250 8,000 25 58,100
117,250 178,650 22,787 28 117,250
178,650 319,100 39,979 33 178,650
319,100 86,328 35 319,100

 

2003 Federal Income Tax Rate Schedule - Married Filing Separately

If your income is over

 But Not Over Pay

+

 % of Excess of the amount over
$ 0 $ 6,000 $ 0 10 $ 0
6,000 23,725 600 15 6,000
23,725 57,325 3,258 27 23,725
57,325 87,350 12,330 30 57,325
87,350 155,975 21,338 35 87,350
155,975 45,357 38.6 155,975

2004 Federal Income Tax Rate Schedule - Married Filing Separately

If your income is over

 But Not Over Pay

+

 % of Excess of the amount over
$ 0 $ 7,150 $ 0 10 $ 0
6,000 29,050 715 15 6,000
23,350 58,625 4,000 25 23,350
56,425 89,325 11,393 28 56,425
85,975 159,,550 19,989 33 85,975
153,525 43,164 35 153,525

 

2003 Federal Income Tax Rate Schedule - Heads of Households

If your income is over

 But Not Over Pay

+

 % of Excess of the amount over
$ 0 $ 10,000 $ 0 10 $ 0
10,000 38,050 1,000 15 10,000
38,050 98,250 5,207 27 38,050
98,250 159,100 21,461 30 98,250
159,100 311,950 39,716 35 159,100
311,950 93,214 38.6 311,950

2004 Federal Income Tax Rate Schedule - Heads of Households

If your income is over

 But Not Over Pay

+

 % of Excess of the amount over
$ 0 $ 10,200 $ 0 10 $ 0
$ 10,200 38,900 1,020 15 $ 10,200
38,900 100,500 5,325 25 38,900
100,500 162,700 20,725 28 100,500
162,700 319,100 38,141 33 162,700
319,100 89,753 35 319,100

 

 

Material discussed is meant for general illustration and/or informational purposes only and it is not to be construed as tax, legal, or investment advice.  Although the information has been gathered from sources believed to be reliable, please note that individual situations can vary therefore, the information should be relied upon when coordinated with individual professional advice.