What Are The Tax Brackets For 2010?
If you’re looking for an answer to the question ‘what are the tax brackets for 2010?’ you’ve come to the right place. The tax brackets change every year based on the rate of inflation and they determine how much tax you’ll actually pay.
Keep in mind however that you don’t necessarily pay tax on all your income at the same rate. Keep reading to learn more.
2010 tax brackets
The tax brackets in 2010 depend on your filing status as follows:
| Tax rate | Single | Head of Household | Married Filing Jointly or Surviving Spouse | Married Filing Separately |
| 10% | Up to $8,375 | Up to $11,950 | Up to $16,750 | Up to $8,375 |
| 15% | $8,376 to $34,000 | $11,951 to $45,550 | $16,751 to $68,000 | $8,376 to $34,000 |
| 25% | $34,001 to $82,400 | $45,551 to $117,650 | $68,001 to $137,300 | $34,001 to $68,650 |
| 28% | $82,401 to $171,850 | $117,651 to $190,550 | $137,301 to $209,250 | $68,651 to $104,625 |
| 33% | $171,851 to $373,650 | $190,551 to $373,650 | $209,251 to $373,650 | $104,626 to $186,825
|
| 35% | $373,651 or more | $373,651 or more | $373,651 or more | $186,826 or more |
The ‘marginal’ tax rate
The US tax system is ‘progressive’, meaning that the amount of income taxes you pay increases in steps as your income increases
For example, if you had a taxable income of $80,000 in 2010 you won’t simply owe 25 per cent of all your income ($20,000) to the IRS.
In 2010, online casino games if you are a single taxpayer your tax would have been worked out as follows:
- The first $8,375 is taxed at 10 per cent ($837.50)
- The next $25,625 is taxed at 15 per cent ($3,843.75)
- The final $46,000 is taxed at 25 per cent ($11,500)
So, your total tax bill would be $16,181.25 as your tax is charged at different rates.
This also means that your ‘real’ or ‘effective’ tax rate on the $80,000 is 20.2 percent even though your marginal tax rate, which is the rate applied to the last dollar of income that you earned, is 25 per cent.
It is also important to keep in mind that this example also uses your gross earnings (in this case $80,000). In reality you would be able to reduce this final taxable amount through deductions, adjustments and exemptions. This will have the effect of reducing your income to a lower taxable level. viagra
So, if my taxable income in 2010 was $24,000, I should have paid 15% tax ($3,600)?
Bradley – thanks for your question.
No, that’s not quite right. You pay 10% tax on the first $8,375 ($837.50) and then 15% tax on the remaining $15,625 of your income ($2,343.75). This totals $3,181.25.