Federal Income Tax Rates 2012

Federal tax rates for 2012

  • 15% on the first $42,707 of taxable income, +
  • 22% on the next $42,707 of taxable income (on the portion of taxable income over $42,707 up to $85,414), +
  • 26% on the next $46,992 of taxable income (on the portion of taxable income over $85,414 up to $132,406), +
  • 29% of taxable income over $132,406.
Property of Marino Vereecke Professional Corporation, CA