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Income Tax Rates - 2005
If your taxable income is less than $100,000 you must use the tax tables found in the instructions to Form 1040 on page 60 to compute your correct income tax. If your taxable Income (Form 1040, line 42) is more than $100,000, you must use the tax rate schedules.
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These tax rate schedules are provided so that you can compute your estimated tax for 2005. To compute your actual income tax, please see the instructions for 2005 Form 1040, 1040A, or 1040EZ as appropriate when they are available.
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Schedule X — Single
| If taxable income is over-- |
But not over-- |
The tax is: |
| $0 |
$7,300 |
10% of the amount over $0 |
| $7,300 |
$29,700 |
$730 plus 15% of the amount over 7,300 |
| $29,700 |
$71,950 |
$4,090.00 plus 25% of the amount over 29,700 |
| $71,950 |
$150,150 |
$14,652.50 plus 28% of the amount over 71,950 |
| $150,150 |
$326,450 |
$36,548.50 plus 33% of the amount over 150,150 |
| $326,450 |
no limit |
$94,727.50 plus 35% of the amount over 326,450 |
Schedule Y-1 — Married Filing Jointly or Qualifying Widow(er)
| If taxable income is over-- |
But not over-- |
The tax is: |
| $0 |
$14,600 |
10% of the amount over $0 |
| $14,600 |
$59,400 |
$1,460.00 plus 15% of the amount over 14,600 |
| $59,400 |
$119,950 |
$8,180 plus 25% of the amount over 59,400 |
| $119,950 |
$182,800 |
$23,317.50 plus 28% of the amount over 119,950 |
| $182,800 |
$326,450 |
$40,915.50 plus 33% of the amount over 182,800 |
| $326,450 |
no limit |
$88,320.00 plus 35% of the amount over 326,450 |
Schedule Y-2 — Married Filing Separately
| If taxable income is over-- |
But not over-- |
The tax is: |
| $0 |
$7,300 |
10% of the amount over $0 |
| $7,300 |
$29,700 |
$730 plus 15% of the amount over 7,300 |
| $29,700 |
$59,975 |
$4,090 plus 25% of the amount over 29,700 |
| $59,975 |
$91,400 |
$11,658.75 plus 28% of the amount over 59,975 |
| $91,400 |
$163,225 |
$20,457.75 plus 33% of the amount over 91,400 |
| $163,225 |
no limit |
$44,160.00 plus 35% of the amount over 163,225 |
Schedule Z — Head of Household
| If taxable income is over-- |
But not over-- |
The tax is: |
| $0 |
$10,450 |
10% of the amount over $0 |
| $10,450 |
$39,800 |
$1,045 plus 15% of the amount over 10,450 |
| $39,800 |
$102,800 |
$5,447.50 plus 25% of the amount over 39,800 |
| $102,800 |
$166,450 |
$21,197.50 plus 28% of the amount over 102,800 |
| $166,450 |
$326,450 |
$39,019.50 plus 33% of the amount over 166,450 |
| $326,450 |
no limit |
$91,819.50 plus 35% of the amount over 326,450 |
Income Tax Rates 2005
Income Tax |
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| ©2010 Michael Johnston, CPA. All Rights Reserved. |
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