Tax rate |
Taxable income bracket |
Tax owed |
10% |
$0 to $10,275 |
10% of the taxable income |
12% |
$10,276 to $41,775 |
$1,027.50 plus 12% of the amount over $10,275 |
22% |
$41,775 to $89,075 |
$4,807.50 plus 22% of the amount over $41,775 |
24% |
$89,076 to $170,050 |
$15,213.50 plus 24% of the amount over $89,075 |
32% |
$170,051 to $215,950 |
$34,647.50 plus 32% of the amount over $170,050 |
35% |
$215,951 to $539,900 |
$49,335.50 plus $35% of the amount over $215,950 |
37% |
$539,901 or more |
$162,718 plus 37% of the amount over $539,900 |