|
Tax Increase By Not Extending the Bush Tax Cuts
If the Bush Tax Cuts are not extended, everyone's
taxes will increase--and more than you might expect. Although the new
tax rate tables have not yet been established, we do know that the old
(higher) rates will return. The exact income cutoffs (modified for
inflation, etc.) are still unknown, but the tax rate tables at the
bottom of this page are reasonable estimates.
Use the following calculator to find out how much
your taxes will increase.
2010:
Tax Bracket |
Married Filing Jointly |
Single |
10% |
$0 -
$16,750 |
$0 - $8,375 |
15% |
$16,750 -
$68,000 |
$8,375 -
$34,000 |
25% |
$68,000 -
$137,300 |
$34,000 -
$82,400 |
28% |
$137,300 -
$208,250 |
$82,400 -
$171,850 |
33% |
$208,250 -
$373,650 |
$171,850 -
$373,650 |
35% |
Over
$373,650 |
Over
$373,650 |
(Estimated) 2011:
Tax Bracket |
Married Filing Jointly |
Single |
15% |
$0 -
$70,040 |
$0 -
$35,020 |
28% |
$70,040 -
$141,419 |
$35,020 -
$84,872 |
31% |
$141,419 -
$215,528 |
$84,872 -
$177,006 |
36% |
$215,528 -
$384,860 |
$177,006 -
$384,860 |
39.6% |
Over
$384,860 |
Over
$384,860 |
|