What The Tax Rates For 1999?

Note: The graduated rates below are based on TAXABLE INCOME, which is your adjusted gross income reduced by your allowable deductions (either itemized deductions or the standard deduction) and your allowable deduction for personal exemptions.

Rather than do the math required for the calculation of the tax from these schedules, you may find it easier to use the Tax Tables or Schedules contained in the instructions for the form you are filing.

Standard Deduction (add 3 ^rd column if over age 65 or blind EACH)

Married Filing Jointly and Qualifying Widow(er) $7,200 $850

Single $4,300 $1,050

Head of Household $6,350 $1,050

Married Filing Separately $3,600 $850

Personal exemptions for 1999 are $2,750.

Note that both itemized deductions and personal exemptions are subject to phase-outs for certain high income taxpayers. Check Form 1040 instructions.

1999 TAX RATES

Married Filing Jointly and Qualifying Widow(er) $0 to $43,050 15%

$43,051 to $104,050 28%

$104,051 to $158,550 31%

$158,551 to $283,150 36%

$283,151 & Over 39.6%

Single $0 to $25,750 15%

$25,751 to $62,450 28%

$62,451 to $130,250 31%

$130,251 to $283,150 36%

$283,151 & Over 39.6%

Head of Household $0 to $34,550 15%

$34,551 to $89,150 28%

$89,151 to $144,400 31%

$144,401 to $283,150 36%

$283,151 & Over 39.6%

Married Filing Separately $0 to $21,525 15%

$21,526 to $52,025 28%

$52,026 to $79,275 31%

$79,276 to $141,575 36%

$141,576 & Over 39.6%

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