FEDERAL TAX RATES

2007 Information Beginning Jan. 1, 2007, the standard mileage rates for the use of a car (including vans, pickups or panel trucks) will be: 48.5 cents per mile for business miles driven; 20 cents per mile driven for medical or moving purposes; and 14 cents per mile driven in service to a charitable organization. 2006 Standard Deductions  ($10,300 MFJ) ($5,150 S) ($7,550 HOH) ($850 Child) ($1,000 Elderly/Blind MFJ / $1,250 S)  Personal Exemption $3,300 2006 Marginal Income Tax Rates     Single taxpayers   If taxable income is: Your tax is:  Not over $7,550   10% of taxable income   Over $7,550 to $30,650   $755 + 15% of the excess over $7,550   Over $30,650 to $74,200   $4,220 + 25% of the excess over $30,650   Over $74,200 to $154,800   $15,107.50 + 28% of the excess over $74,200   Over $154,800 to $336,550   $37,675.50 + 33% of the excess over $154,800   Over $336,550   $97,653 + 35% of the excess over $336,550      Married filing jointly and surviving spouses If taxable income is: Your tax is:  Not over $15,500   10% of taxable income   Over $15,500 to $61,300   $1,510 + 15% of the excess over $15,100   Over $61,300 to $123,700   $8,440 + 25% of the excess over $61,300   Over $123,700 to $188,450   $24,040 + 28% of the excess over $123,700   Over $188,450 to $336,550   $42,170 + 33% of the excess over $188,450   Over $336,550   $91,043 + 35% of the excess over $336,550      Married individuals filing separately If taxable income is: Your tax is:  Not over $7,550   10% of taxable income   Over $7,550 to $30,650   $755 + 15% of the excess over $7,550   Over $30,650 to $61,850   $4,220 + 25% of the excess over $30,650   Over $61,850 to $94,225   $12,020 + 28% of the excess over $61,850   Over $94,225 to $168,275   $21,085 + 33% of the excess over $94,225   Over $168,275   $45,521.50 + 35% of the excess over $168,275      Heads of household   If taxable income is: Your tax is:  Not over $10,750   10% of taxable income   Over $10,750 to $41,050   $1,075 + 15% of the excess over $10,750   Over $41,050 to $106,000   $5,620 + 25% of the excess over $41,050   Over $106,000 to $171,650   $21,857.50 + 28% of the excess over $106,000   Over $171,650 to $336,550   $40,239.50 + 33% of the excess over $171,650   Over $336,550   $94,656.50 + 35% of the excess over $336,550      Trusts and estates   If taxable income is: Your tax is:  Not over $2,050   15% of taxable income   Over $2,050 to $4,850   $307.50 + 25% of the excess over $2,050   Over $4,850 to $7,400   $1,007.50 + 28% of the excess over $4,850   Over $7,400 to $10,050   $1,721.50 + 33% of the excess over $7,400   Over $10,050   $2,596 + 35% of the excess over $10,050          2005 Marginal Income Tax Rates     Single taxpayers   If taxable income is: Your tax is:  Not over $7,300   10% of taxable income   Over $7,300 to $29,700   $730 + 15% of the excess over $7,300   Over $29,700 to $71,950   $4,090 + 25% of the excess over $29,700   Over $71,950 to $150,150   $14,652.50 + 28% of the excess over $71,950   Over $150,150 to $326,450   $36,548.50 + 33% of the excess over $150,150   Over $326,450   $94,727.50 + 35% of the excess over $326,450      Married filing jointly and surviving spouses If taxable income is: Your tax is:  Not over $14,600   10% of taxable income   Over $14,600 to $59,400   $1,460 + 15% of the excess over $14,600   Over $59,400 to $119,950   $8,180 + 25% of the excess over $59,400   Over $119,950 to $182,800   $23,317.50 + 28% of the excess over $119,950   Over $182,800 to $326,450   $40,915.50 + 33% of the excess over $182,800   Over $326,450   $88,320 + 35% of the excess over $326,450      Married individuals filing separately If taxable income is: Your tax is:  Not over $7,300   10% of taxable income   Over $7,300 to $29,700   $730 + 15% of the excess over $7,300   Over $29,700 to $59,975   $4,090 + 25% of the excess over $29,700   Over $59,975 to $91,400   $11,658.75 + 28% of the excess over $59,975   Over $91,400 to $163,225   $20,457.75 + 33% of the excess over $91,400   Over $163,225   $44,160 + 35% of the excess over $163,225      Heads of household   If taxable income is: Your tax is:  Not over $10,450   10% of taxable income   Over $10,450 to $39,800   $1,045 + 15% of the excess over $10,450   Over $39,800 to $102,800   $5,447.50 + 25% of the excess over $39,800   Over $102,800 to $166,450   $21,197.50 + 28% of the excess over $102,800   Over $166,450 to $326,450   $39,019.50 + 33% of the excess over $166,450   Over $326,450   $91,819.50 + 35% of the excess over $326,450      Trusts and estates   If taxable income is: Your tax is:  Not over $2,000   15% of taxable income   Over $2,000 to $4,700   $300 + 25% of the excess over $2,000   Over $4,700 to $7,150   $975 + 28% of the excess over $4,700   Over $7,150 to $9,750   $1,661 + 33% of the excess over $7,150   Over $9,750   $2,519 + 35% of the excess over $9,750