2007 Federal Income Tax Rate Calculator Married Filing Jointly

2007 Federal Income Tax Rate Calculator
Schedule Y-1 - Married Filing Jointly

Schedule Y-1 - Married Filing Jointly

Income Range		Tax Rate Bracket
$0	$15650	10%
$15650	$63700	15%
$63700	$128500	25%
$128500	$195850	28%
$195850	$349700	33%
$349700	no limit	35%

Note: This gives an estimate of income tax. It does not take into account deductions, returns, credits or other variables.

Inputs:

Solution:

Summary

Taxable Income	$----
Federal Income Tax	$----
Actual Tax Rate	----%
Tax Bracket	----%

Tax Rate Bracket	Amount To Be Taxed In Bracket	Tax	Income Left To Be Taxed
Start	----	----	$----
10	$----	$----	$----
15	$----	$----	$----
25	$----	$----	$----
28	$----	$----	$----
33	$----	$----	$----
35	$----	$----	----

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2007 Tax Schedules

Single

Married Filing Jointly

Married Filing Separately

Head of House Hold

2006 Tax Schedules

Single

Married Filing Jointly

Married Filing Separately

Head of House Hold

2005 Tax Schedules

Single

Married Filing Jointly

Married Filing Separately

Head of House Hold

References - Books:
1) Internal Revenue Service Treasury Department. 2005. 2005 Tax Rate Schedules. http://www.irs.gov.
2) Internal Revenue Service Treasury Department. 2006. 2006 Tax Rate Schedules. http://www.irs.gov.