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What is the average US tax bracket?

Anonymous

∙ 14y ago

Updated: 11/4/2022

You do NOT have a average US tax bracket as each taxpayer can have a different filing status on each 1040 federal income tax return that they are required to file reporting all of their gross worldwide income from all sources on the 1040 income tax return.

After your 1040 federal income tax return is completely correctly to the line 43 page 2 of your 1040 income tax return TAXABLE INCOME amount. You will have 6 different percentage of marginal tax rates from 10%, 15%, 25%, 28%, 33% and the maximum 35% for the the tax year 2010 at this time July 31 2010.

You can find the income amount that the rates would apply to for your filing status by going to the IRS gov website and using the search box for 1040ES and then go to page 8 for the 2010 Tax Rate Schedules

Wiki User

∙ 14y ago

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Q: What is the average US tax bracket?

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Continue Learning about Economics

Should the rich have to pay a greater portion of their income in taxes than the poor why or why not?

The rich do in fact pay a higher percentage of their income in income tax, because we have a progressive income tax based on six different tax brackets, where the higher your income is the higher a percentage tax bracket you will be in. Depends on which country you're in. In the US, this is not the case.

Does the US federal government have the power to tax imports?

The US government may tax imported goods through a tax system called tariffs. US states have no authority over tariffs..

Are we the worst taxed country in the world?

First off, "we" does not make it clear what country you are referring to.However, as the largest number of users of WikiAnswers are Americans, I will assume that "we" refers to the USA. In that case, No. The USA is FAR from being the most oppressively taxed nation in the world. US taxes are actually quite light, primarily because the US has an appalling lack of social programs. Compare US income tax, which averages around 20-30% with Swedish income tax, which averages around 60-70%. Compare the average 5-10% sales tax in US States with the 15-35% value-added tax in European countries.

Does the US government get more revenue from private income tax or corporate income tax?

Well dah

A US company produces products that it sells both in the US and overseas Which level of government may tax the company?

Local, state, and national government may tax the company.

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Related Questions

Is your federal tax bracket your average tax rate?

No the federal tax brackets would NOT be your average income tax rate on your income. Each separate federal tax bracket amount is your marginal tax rate for that amount of your taxable income that is in that bracket amount.

What is the highest tax bracket in the US is .?

35%

What is tax bracket?

A tax bracket has to do with the amount of money you make over the specified limit. If you are a company you will probably have a payroll tax bracket as well. Depending on how much you pay out in payroll will depend on what that tax bracket will be.

What is base tax amount for high tax bracket?

what is base tax amount for high tax bracket for 2008?

What is the highest individual tax rates for the US tax payers?

For the tax year 2010 at this time July 18 2010 6:35 pm the maximum tax bracket amount is 35 %.

What is the average percentage of taxes deducted from your paycheck?

The average percentage of taxes deducted from your paycheck is around 20-30, depending on your income level and tax bracket.

Can you explain what your tax bracket means?

Your tax bracket is the percentage of your income that you pay in taxes to the government. It is determined by how much money you earn each year. The higher your income, the higher your tax bracket, and the more taxes you will owe.

What is your current tax bracket for 30000?

33%...?

What is the tax bracket for 125k married filed jointly?

The tax bracket for a couple filing taxes as married filing joint and making $125,000 is 25 percent. This is based on tax year 2014 information.

What tax rate are waitress tips taxed at?

Whatever tax bracket your salary fits into.

What tax bracket will you be in with a 35000 income with no dependents?

The 10% and the 15% marginal tax brackets.

How To Determine What Tax Bracket You're In?

The phrase “tax bracket” becomes a buzz word around April of every year but with the presidential elections just around the corner the topic of taxes and tax brackets are two things you’re almost unable to avoid. A lot of attention gets put on what tax bracket people are in and how much they’re being taxed on certain types of income. While the subject of taxes can quickly become quite taxing on your brain figuring out the simple fact of what tax bracket you’re in isn’t.The federal tax brackets and what income level qualifies you for a specific bracket can change every year. The primary reason would be to adjust for inflation but changes in the tax code can also affect tax rates. Your personal tax bracket will vary according to your filing status as well.The best place to find your personal tax bracket is on the IRS website (www.irs.gov). They have loads of information that help you figure out not only your tax bracket but also things like what your expected tax bill would be depending on your taxable income. The IRS hasn’t yet released the tax tables for 2012 but they can be expected to be quite similar to what we saw in 2011.For those looking for a quick answer, here’s what the federal tax brackets looked like in 2011.For single filers, the 10% bracket included income up to $8,500. Income up to $34,500 lands you in the 15% bracket. The 25% bracket includes income up to $83,600. The 28% tax bracket applies to income up to $174,400. Income up to $379,150 gets taxed at the 33% rate and anything above that gets taxed at 35%.For joint filers, the 10% bracket is for income up to $17,000. Income up to $69,000 gets taxed at the 15% rate. The 25% bracket includes income up to $139,350. The 28% tax bracket applies to income up to $212,300. The 33% tax bracket applies to income up to $379,150 and anything above that gets taxed at 35%.

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