|
Follow us @Scopulus_News
Federal Income Tax Rates 2012
These tax rate schedules are provided so that you can compute your estimated tax for 2012.
| If taxable income is over--
|
But not over--
|
The tax is:
|
| $0 | $8,700 | 10% of the amount over $0 |
| $8,700 | $35,350 | $870 plus 15% of the amount over $8,700 |
| $35,350 | $85,650 | $4,867.50 plus 25% of the amount over $35,350 |
| $85,650 | $178,650 | $17,442.50 plus 28% of the amount over $85,650 |
| $178,650 | $388,350 | $43,482.50 plus 33% of the amount over $178,650 |
| $388,350 | no limit | $112,683.50 plus 35% of the amount over $388,350 |
| If taxable income is over--
|
But not over--
|
The tax is:
|
| $0 | $17,400 | 10% of the amount over $0 |
| $17,400 | $70,700 | $1,740 plus 15% of the amount over $17,400 |
| $70,700 | $142,700 | $9,735 plus 25% of the amount over $70,700 |
| $142,700 | $217,450 | $27,735 plus 28% of the amount over $142,700 |
| $217,450 | $388,350 | $48,665 plus 33% of the amount over $217,450 |
| $388,350 | no limit | $105,062 plus 35% of the amount over $388,350 |
| If taxable income is over--
|
But not over--
|
The tax is:
|
| $0 | $8,700 | 10% of the amount over $0 |
| $8,700 | $35,350 | $870 plus 15% of the amount over $8,700 |
| $35,350 | $71,350 | $4,867.50 plus 25% of the amount over $35,350 |
| $71,350 | $108,725 | $13,867.50 plus 28% of the amount over $71,350 |
| $108,725 | $194,175 | $24,332.50 plus 33% of the amount over $108,725 |
| $194,175 | no limit | $52,531 plus 35% of the amount over $194,175 |
| If taxable income is over--
|
But not over--
|
The tax is:
|
| $0 | $12,400 | 10% of the amount over $0 |
| $12,400 | $47,350 | $1,240 plus 15% of the amount over $12,400 |
| $47,350 | $122,300 | $6,482.50 plus 25% of the amount over $47,350 |
| $122,300 | $198,050 | $25,220 plus 28% of the amount over $122,300 |
| $198,050 | $388,350 | $46,430 plus 33% of the amount over $198,050 |
| $388,350 | no limit | $109,229 plus 35% of the amount over $388,350 |
| AS of 1st January 2012 |
|
INCOME BRACKETS |
|
PERSONAL |
EXEMPTIONS |
INCOME |
|
Percentages |
Lowest |
Highest | |
Single |
Married |
Dependents |
| ALABAMA |
2 - 5 % |
$500 |
$3,001 | |
$1,500 |
$3,000 |
$500 |
| ALASKA |
No State Income Tax
|
| ARIZONA |
2.59 - 4.54 % |
$10,000 |
$150,001 | |
$2,100 |
$4,200 |
$2,100 |
| ARKANSAS |
1 - 7 % |
$3,899 |
$32,700 | |
$23 |
$46 |
$23 |
| CALIFORNIA |
1 - 9.3 % |
$7,316 |
$48,029 | |
$102 |
$204 |
$315 |
| COLORADO |
4.63
% |
Flat Rate | |
$3,700 |
$7,400 |
$3,700 |
| CONNECTICUT |
3 - 6.7 % |
$10,000 |
$250,000 | |
$13,000 |
$24,000 |
0 |
| DELAWARE |
2.2 - 6.75 % |
$5,000 |
$60,001 | |
$110 |
$220 |
$110 |
| FLORIDA |
No State Income Tax
|
| GEORGIA |
1 - 6 % |
$750 |
$7,001 | |
$2,700 |
$5,400 |
$3,000 |
| HAWAII |
1.4 - 11 % |
$2,400 |
$200,001 | |
$1,040 |
$2,080 |
$1,040 |
| IDAHO |
1.6 - 7.8 % |
$1,338 |
$26,760 | |
$3,700 |
$7,400 |
$3,700 |
| ILLINOIS |
5
% |
Flat Rate | |
$2,000 |
$4,000 |
$2,000 |
| INDIANA |
3.4
% |
Flat Rate | |
$1,000 |
$2,000 |
$2,500 |
| IOWA |
0.36 - 8.98 % |
$1,469 |
$66,105 | |
$40 |
$80 |
$40 |
| KANSAS |
3.5 - 6.45 % |
$15,000 |
$30,001 | |
$2,250 |
$4,500 |
$2,250 |
| KENTUCKY |
2 - 6 % |
$3,000 |
$75,001 | |
$20 |
$40 |
$20 |
| LOUISIANA |
2 - 6 % |
$12,500 |
$50,001 | |
$4,500 |
$9,000 |
$1,000 |
| MAINE |
2 - 8.5 % |
$5,100 |
$20,350 | |
$2,850 |
$5,700 |
$2,850 |
| MARYLAND |
2 - 5.5 % |
$1,000 |
$500,001 | |
$3,200 |
$6,400 |
$3,200 |
| MASSACHUSETTS |
5.3
% |
Flat Rate | |
$4,400 |
$8,800 |
$1,000 |
| MICHIGAN |
4.35
% |
Flat Rate | |
$3,600 |
$7,200 |
$4,200 |
| MINNESOTA |
5.35 - 7.85 % |
$23,670 |
$77,731 | |
$3,700 |
$7,400 |
$3,700 |
| MISSISSIPPI |
3 - 5 % |
$5,000 |
$10,001 | |
$6,000 |
$12,000 |
$1,500 |
| MISSOURI |
1.5 - 6 % |
$1,000 |
$9,001 | |
$2,100 |
$4,200 |
$1,200 |
| MONTANA |
1 - 6.9 % |
$2,700 |
$16,000 | |
$2,190 |
$4,380 |
$2,190 |
| NEBRASKA |
2.56 - 6.84 % |
$2,400 |
$27,001 | |
$123 |
$246 |
$123 |
| NEVADA |
No State Income Tax
|
| NEW HAMPSHIRE |
State Income Tax of 5% on Dividends and Interest Income Only |
0 |
0 |
0 |
| NEW JERSEY |
1.4 - 8.97 % |
20,000 |
500,000 | |
$1,000 |
$2,000 |
$1,500 |
| NEW MEXICO |
1.7 - 4.9 % |
5,500 |
16,001 | |
$3,700 |
$7,400 |
$3,700 |
| NEW YORK |
4 - 8.82 % |
8,000 |
1,000,000 | |
0 |
0 |
$1,000 |
| NORTH CAROLINA |
6 - 7.75 % |
12,750 |
60,000 | |
$1,150 |
$2,300 |
$1,150 |
| NORTH DAKOTA |
1.51 - 3.99 % |
35,350 |
388,350 | |
$3,700 |
$7,400 |
$3,700 |
| OHIO |
0.587 - 5.925 % |
5,100 |
204,200 | |
$1,650 |
$3,300 |
$1,650 |
| OKLAHOMA |
0.5 - 5.25 % |
1,000 |
8,701 | |
$1,000 |
$2,000 |
$1,000 |
| OREGON |
5 - 9.9 % |
2,000 |
125,000 | |
$183 |
$366 |
$183 |
| PENNSYLVANIA |
3.07
% |
Flat Rate | | | | |
| RHODE ISLAND |
3.75 - 5.99 % |
57,150 |
129,900 | |
$3,650 |
$7,300 |
$3,650 |
| SOUTH CAROLINA |
0 - 7 % |
2,800 |
14,000 | |
$3,700 |
$7,400 |
$3,700 |
| SOUTH DAKOTA |
No State Income Tax
|
| TENNESSEE |
State Income Tax of 6% on Dividends and Interest Income Only |
$1,250 |
$2,500 |
0 |
| TEXAS |
No State Income Tax
|
| UTAH |
5
% |
Flat Rate | | | | |
| VERMONT |
3.55 - 8.95 % |
35,350 |
388,350 | |
$3,700 |
$7,400 |
$3,700 |
| VIRGINIA |
2 - 5.75 % |
3,000 |
17,001 | |
$930 |
$1,860 |
$930 |
| WASHINGTON |
No State Income Tax
| | | | | | |
| WEST VIRGINIA |
3 - 6.5 % |
10,000 |
60,000 | |
$2,000 |
$4,000 |
$2,000 |
| WISCONSIN |
4.6 - 7.75 % |
10,570 |
232,660 | |
$700 |
$1,400 |
$700 |
| WYOMING |
No State Income Tax
|
| DIST. OF COLUMBIA |
4 - 8.95 % |
10,000 |
350,000 | |
$1,675 |
$3,350 |
$1,675 |
|