Tax rate |
Taxable income bracket |
Tax owed |
10% |
$0 to $11,600 |
10% of the taxable income |
12% |
$11,601to $47,150 |
$1,160 plus 12% of the excess over $11,600 |
22% |
$47,151 to $100,525 |
$5,426 plus 22% of the excess over $47,150 |
24% |
$100,523 to $191,950 |
$17,168 plus 24% of the excess over $100,525 |
32% |
$191,951 to $243,725 |
$39,110 plus 32% of the excess over $191,950 |
35% |
$243,726 to $609,350 |
$55,678 plus $35% of the excess over $243,725 |
37% |
$609,351 or more |
$183,647.25 plus 37% of the excess over $609,650 |