YoungAssociates

Personal Income Tax Rates for 2013

2013 Tax Rates—Single
If taxable income is over but not over the tax is
$0 $8,925 10% of the taxable amount
$8,926 $36,250 $892.50 + 15% of the amount over $8,925
$36,251 $87,850 $4,991.25 + 25% of the amount over $36,250
$87,851 $183,250 $17,891.25 + 28% of the amount over $87,850
$183,251 $398,350 $44,603.25 + 33% of the amount over $183,250
$398,391 $400,000 $115,586.25 + 35% of the amount over $398,350
$400,001 $116,163.75 + 39.6% of the excess over $400,000
2013 Tax Rates—Married Filing Jointly or Qualifying Widow(er)
If taxable income is over but not over the tax is
$0 $17,850 10% of the taxable amount
$17,851 $72,500 $1,785 + 15% of the amount over $17,850
$72,501 $146,400 $9,982.50 + 25% of the amount over $72,500
$146,401 $233,050 $28,457.50 + 28% of the amount over $146,400
$233,051 $398,350 $49,919.50 + 33% of the amount over $223,050
$398,351 $450,000 $107,768.50 + 35% of the amount over $398,350
$450,001 $125,846 + 39.6% of the excess over $450,000
2013 Tax Rates—Married Filing Separately
If taxable income is over but not over the tax is
$0 $8,925 10% of the taxable amount
$8,926 $36,250 $892.50 + 15% of the amount over $8,925
$36,251 $73,200 $4,991.25 + 25% of the amount over $36,250
$73,201 $111,525 $14,228.75 + 28% of the amount over $73,200
$111,525 $199,175 $24,959.25 + 33% of the amount over $111,525
$199,176 $225,000 $52,531 plus 35% of the amount over $194,175
$225,001 $62,923 + 39.6% of the amount over $225,000

Personal exemptions and itemized deductions will be phased out for those with AGI in excess of $250,000 for individuals and $300,000 for married couples filing jointly.