2009 Tax Brackets Announced
Single
Married Filing Jointly/QW
Married Filing Separately
Head of Household
LTCG/QD
Tax rate
over
up to
over
up to
over
up to
over
up to
Tax Rate
10%
0
8,350
0
16,700
0
8,350
0
11,950
0%
15%
8,350
33,950
16,700
67,900
8,350
33,950
11,950
45,500
0%
25%
33,950
82,250
67,900
137,050
33,950
68,525
45,500
117,450
15%
28%
82,250
171,550
137,050
208,850
68,525
104,425
117,450
190,200
15%
33%
171,550
372,950
208,850
372,950
104,425
186,475
190,200
372,950
15%
35%
372,950
372,950
186,475
372,950
15%
Comments
Thanks, some great information for a post I am writing on this subject. Good to see the thresholds have increased from 2008..
Why not put the Tax Brackets in your Article
Good point. I have updated this article to include a table of the 2009 tax brackets
Where is the rule that states one must pay income tax? I can’t find it. I’ve found property tax, sales tax and corporate tax, but no income tax.
Section 1 of the Internal Revenue Code.
Agreeing with b-man. The very first sentence in the Internal Revenue Code, section 1, reads “There is hereby imposed on the taxable income…” and proceeds to enumerate the various tax rates imposed on different types of income and different types of individuals.
I wish our leadership would grow some and just envoke an even tax rate and get rid of all the B.S. called tax codes……….Everybody just pay the same percentage no matter how much you make and get on with our lives!
That would make the math simpler, but it might not make filing any simpler unless we also get rid of various deductions and tax credits. That’s the part that really makes things complex, because with deductions people need to keep track of receipts and so forth. If we could have one universal rate with no deductions, that would create the ultimate in simplicity.
b-mann is actually asking where the IRS got the authority to tax income. I could write a document claiming the imposition of a tax on the residents of Montana, but I’d have no legal grounds to enforce it. Ultimately, he’s arguing that the 16th amendment to the Constitution — which is the legal basis for Federal collection of income tax — was illegal. While the details of the argument are actually pretty interesting, practically, no one has ever won a case based on them, and so the question is practically immaterial.
“When the people fear the government there is tyranny, when the government fears the people there is liberty” It’s sad and obvious that the vast majority of people who reside in the United States are to apathetic or complacent to make their voices heard… Unfortunately it looks like we are headed for socialism. The founders of this country would be sick!