2008 Tax Calculator

Complete the yellow cells below, everything else is automatically calculated

I am: Single
Select From Drop Down Menu
Your total (gross) income $78,000
Total deductions (personal and home related) $55,000 Social Security Tax $4,836
Your total taxable income is $23,000 Medicare and SUI/SDI $1,131
2007 Federal Income Thresholds and Tax Rates Taxes due based on State and Fed Tax tables:
Annual Taxable Income Rate Federal Total Federal Income Tax $3,059 Fed score
Incremental tax rate
From To % Tax paid Total State Income Tax $540 2.00 15%
$0 $7,825 10.00% $783 Social Security + Medicare taxes $5,967
$7,825 $31,850 15.00% $2,276 Total Taxes $9,566 Fed score
Incremental tax rate
$31,850 $77,100 25.00% $0 Total tax rate % on taxable income 41.59% 3.00 4%
$77,100 $160,850 28.00% $0 Total tax rate % on gross income 12.26%
TOTAL incremental Fed + state 19%
$160,850 $349,700 33.00% $0 *Note, this assumes no AMT (Alternative Minimum Tax)
$349,700 $100,000,000 35.00% $0
This is your Tax Rate!

2007 State Income Thresholds and Tax Rates

Annual Taxable Income Rate State
From To % Tax paid
$0 $6,622 1.00% $66
$6,622 $15,698 2.00% $182
$15,698 $24,776 4.00% $292
$24,776 $34,394 6.00% $0
$34,394 $43,467 8.00% $0
$43,467 $1,000,000 9.30% $0
$1,000,000 $100,000,000 10.30% $0

The state tax table above is for California. If you live in another state, you will need to manually change the numbers in the
orange cells above based on your state's income tax table. This should only take a few minutes to complete.
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Married? 1 = yes 0
Schedule X - Single

If taxable income is over-- But not over-- The tax is: Single
$0 $7,825 10% of the amount over $0 Married Filing Jointly
$782.50 plus 15% of the
$7,825 $31,850
amount over 7,825
Married Filing Separately
$4,386.25 plus 25% of the
$31,850 $77,100
amount over 31,850
Head of Household
$15,698.75 plus 28% of the
$77,100 $160,850
amount over 77,100
$39,148.75 plus 33% of the
$160,850 $349,700
amount over 160,850
$101,469.25 plus 35% of the
$349,700 no limit
amount over 349,700

Schedule Y-1 — Married Filing Jointly or Qualifying Widow(er) Single

Married Filing Jointly
If taxable income is over-- But not over-- The tax is: Married Filing Separately
$0 $15,650 10% of the amount over $0 Head of Household
$1,565.00 plus 15% of the
$15,650 $63,700
amount over
$8,772.50 15,650
plus 25% of the
$63,700 $128,500
amount overplus
$24,972.50 63,700
28% of the
$128,500 $195,850
amount over 128,500
$43,830.50 plus 33% of the
$195,850 $349,700
amount over 195,850
$94,601.00 plus 35% of the
$349,700 no limit
amount over 349,700

Schedule Y-2 — Married Filing Separately

If taxable income is over-- But not over-- The tax is:

$0 $7,825 10% of the amount over $0
$782.50 plus 15% of the
$7,825 $31,850
amount over 7,825
$4,386.25 plus 25% of the
$31,850 $64,250
amount over 31,850
$12,486.25 plus 28% of the
$64,250 $97,925
amount over 64,250
$21,915.25 plus 33% of the
$97,925 $174,850
amount over 97,925
$47,300.50 plus 35% of the
$174,850 no limit
amount over 174,850

Schedule Z — Head of Household

If taxable income is over-- But not over-- The tax is:

$0 $11,200 10% of the amount over $0

$1,120.00 plus 15% of the
$11,200 $42,650
amount over 11,200
$5,837.50 plus 25% of the
$42,650 $110,100
amount over 42,650
$22,700.00 plus 28% of the
$110,100 $178,350
amount over 110,100
$41,810.00 plus 33% of the
$178,350 $349,700
amount over 178,350
$98,355.50 plus 35% of the
$349,700 no limit
amount over 349,700

Single Married
Single 1 4836 4836 1 0
Married Filing Jointly 0 4836 0
Married Filing Separately 0 4836 0
Head of Household 0 4836 0
Married? 0 Total due 4836