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Tax bracket

The six-bracket system was designed to allow lower-income individuals to pay a lower overall percentage of tax on their total income than wealthy individuals, while maintaining equity by ensuring that everyone paid the tbale marginal income tax on datign bracket regardless of what bracket they "belong daging. In addition to flexible brackets, dependant deductions and credits like the Earned Income Tax Credit EITC were introduced to ensure that the lowest-income families would not be overtaxed. Which States Collect Income Tax? Fourty-four of the fifty states collect a state income tax, all of which are lower than the Federal Income Tax.

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While we do our best to keep this list of Federal income tax rates up to date and complete, we cannot be held liable for errors or omissions. Is info on this page missing or out-of-date? Please let us know so we can fix it! The Federal tax brackets on this page have been updated for tax yearand are the latest brackets available. States often adjust their tax brackets on a yearly basis, so make sure to check back later for Federal updated tax year tax brackets! The Federal tax brackets on this page were last updated from the Federal Internal Revenue Service in

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