CLICK here to read the IRS revenue procedure release in its entirety.
The estate, gift and GST exemptions were set for inflation at $5,250,000. The new federal tax brackets look very similar to last year other than the addition of a new tax bracket of the highest income earners.
| Marginal Tax Rate | Single | Married Filing Jointly or Qualifying Widow(er) | Married Filing Separately |
|---|---|---|---|
| 39.6% | $400,001 and more | $450,0001 and more | $225,001 and more |
| 35% | $398,351-$400,000 | $398,351-$450,000 | $199,176-$225,000 |
| 33% | $183,251-$398,350 | $223,051-$398,350 | $111,526-$199,175 |
| 28% | $87,851-$183,250 | $146,401-$223,050 | $73,201-$111,525 |
| 25% | $36,251-$87,850 | $72,501-$146,400 | $36,251-$73,200 |
| 15% | $8,926-$36,250 | $17,851-$72,500 | $8,926-$36,250 |
| 10% | $0-$8,925 | 0-$17,850 | $0-$8,925 |
-Compiled by The Slott Report staff
1 comments:
All taxes have a purpose all 2013 tax bracketsgo to some government funded program or project of some sort. It does not matter if we see the projects or not the money is going there. When you drive to work the same way you do every day and you don't hit that pothole you swear at two or three times a week did you notice it was filled in.
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