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2013 Ordinary Income Tax Rates

Posted by Admin Posted on Jan 30 2014

10%, 15%, 25% and 28% rates from Bush Administration tax cuts were made permanent.

33% and 35% rates were made permanent up to certain threshold levels ?

            Single Taxpayers                                                                             $400,000

            Head of Households                                                                      $425,000

            Married Filing Jointly or Surviving Spouse                                    $450,000

            Married Filing Separately                                                                 $225,000

Amounts of income above these threshold levels are taxed at 39.6%.

Threshold amounts are adjusted for inflation.