A Financial Revolution 


February 10, 2006
Tax Rates: It's All In The Numbers
The earnings, interest, and gains statements have all come in; the advertisements and coupons for tax software are everywhere; and people are sharpening pencils all across the country. It must be tax season. As I prepare to calculate my 2005 taxes, I thought I'd share the important numbers for this year...

Taxable Income Range
SingleMarried, Filing JointlyMarried, Filing SeparatelyTax Rate
$0 - $7,300$0 - $14,600$0 - $7,30010%
$7,301 - $29,700$14,601 - $59,400$7,301 - $29,70015%
$29,701 - $71,950$59,401 - $119,950$29,701 - $59,97525%
$71,951 - $150,150$119,951 - $182,800$59,976 – $91,40028%
$150,151 - $326,450$182,801 - $326,450$91,401 - $163,22533%
$326,451 and up$326,451 and up$163,226 and up35%
Personal Exemption:$3,200
Standard Deductions
Single & Married, Filing Separate:$5,000
Married, Filing Jointly:$10,000


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