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TAX SAVINGS CALCULATOR - DEFINITIONS
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Single Withholding Rates*
|
Annual taxable income between these amounts |
Annual withholding |
Withhold additional % of income over this amount |
|
$0.00 |
$2,650.00 |
$0.00 |
0% |
$0.00 |
|
$2,650.00 |
$9,800.00 |
$0.00 |
10% |
$2,650.00 |
|
$9,800.00 |
$31,500.00 |
$715.00 |
15% |
$9,800.00 |
|
$31,500.00 |
$69,750.00 |
$3,970.00 |
25% |
$31,500.00 |
|
$69,750.00 |
$151,950.00 |
$13,532.50 |
28% |
$69,750.00 |
|
$151,950.00 |
$328,250.00 |
$36,548.50 |
33% |
$151,950.00 |
|
$328,250.00 |
(no limit) |
$94,727.50 |
35% |
$328,250.00 |
*This information is from IRS Publication 15, Rev. January 2005 for wages paid through December 2005. |
Married Withholding Rates*
|
Annual taxable income between these amounts |
Annual withholding |
Withhold additional % of income over this amount |
|
$ 0.00 |
$ 8,000.00 |
$0.00 |
0% |
$0.00 |
|
$ 8,000.00 |
$ 22,600.00 |
$0.00 |
10% |
$ 8,000.00 |
|
$ 22,600.00 |
$ 66,200.00 |
$1,460.00 |
15% |
$ 22,600.00 |
|
$ 66,200.00 |
$120,750.00 |
$8,000.00 |
25% |
$66,200.00 |
|
$120,750.00 |
$189,600.00 |
$21,637.50 |
28% |
$120,750.00 |
|
$189,600.00 |
$333,250.00 |
$40,915.50 |
33% |
$189,600.00 |
|
$333,250.00 |
(no limit) |
$88,320.00 |
35% |
$333,250.00 |
*This information is from IRS Publication 15, Rev. January 2005 for wages paid through December 2005. |
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