For instance. I earn around $20,000/year and I'm in the 13% tax bracket. Which tax bracket woulf I fall under if I were to make the following:$30,000$40,000$50,000$60,000$70,000$80,000$90,000$100,000$150,000THANKS!!!
Uh, there isn't a 13% bracket. Brackets are 10%, 15%, 25%, 28%, 33% and 35%. The dollar limits for the brackets depend on your filing status. Download instructions for the 1040 form at irs and look at page 87 - they are listed there.
To add to the answers above, its important to remember that tax brackets are not applied to your gross wages. The tax brackets are instead applied to taxable income. Taxable income includes all the deductions to which you may be entitled on your tax return, so there is no real way to correctly answer your question.
what is the tax bracket at $40,000 per year
There is no 13% bracket, you are in what would be called the 15% marginal tax bracket. You also don't say if you are married or single (likely single) 2007 scale (single) 10% up to 10,120 15% on the amount from 10,121-33,520 25% on the amount from 33,521-77,075 28% on the amount from 77,076-162,800 33% on the amount from 162,801-351,650 35% on any amount over 351,651
