What are the tax brackets for single filers?

How We Make Money

Tax rate Single Head of household
10% $0 to $9,950 $0 to $14,200
12% $9,951 to $40,525 $14,201 to $54,200
22% $40,526 to $86,375 $54,201 to $86,350
24% $86,376 to $164,925 $86,351 to $164,900

What is the average tax rate for a single person?

We do so using publicly available statistics from the IRS Statistics of Income Division, the Survey of Consumer Finances, and Forbes magazine. In our primary analysis, we estimate an average Federal individual income tax rate of 8.2 percent for the period 2010-2018.

What is the federal income tax rate for 2014?

2014 Federal Income Tax Rates: Single Individuals If Taxable Income is: Then Taxable Rate within that threshold $0.01 – $9,075.00 10% $9,075.01 – $36,900.00 15% $36,900.01 – $89,350.00 25% $89,350.01 – $186,350.00 28%

What are the 2014 tax brackets and income limits?

In 2014, the income limits for all brackets and all filers will be adjusted for inflation and will be as follows (Table 1). [1] The top marginal income tax rate of 39.6 percent will hit taxpayers with an adjusted gross income of $406,751 and higher for single filers and $457,601 and higher for married filers.

What is the IRS personal exemption amount for 2014?

Personal Exemptions. The personal exemption amount is $3,950 in 2014, up from $3,900 in 2013.

How many states have no income tax in 2014?

Download FISCAL FACT No. 422: State Income Tax Rates and Brackets 2014 State income tax systems have significant variation in structure, rates, deductions, and exemptions, including 9 states with no income tax on wages and 8 with flat income taxes. North Carolina became a flat tax state, moving from three brackets to just one.

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