Tax Brackets
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Description/Scope: Income Tax Brackets for 1999 & 2000
Purpose: Estimate or project the tax due on earnings, profits, winnings or other sources of taxable income.
Who This Applies to: Individuals only
When to Perform
Special Circumstances
Why This Is Important: The % you must pay on taxable income increases as the taxable income increases. The tax liability must be planned for at any level - there may be quarterly estimates rquired, the tax may be withheld at the source or the tax may not be withheld and you must save the amount of the tax in a short term investment account so that you will have the liquidity to pay the tax at the quarterly esimated tax date or the due date of the tax return.
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Thursday, February 22, 2007 01:16 AM
TAX BRACKETS:
Perhaps the tax brackets are of interest to you:
For 1999-Married Filing Jointly If Taxable Income is not more than |
The tax bracket is |
| 43,050 | 15% |
| 104,050 | 28% |
| 158,550 | 31% |
| 283,150 | 36% |
| All amounts over 283,150 | 39.6% |
For 1999-Married Filing Separately If Taxable Income is not more than |
The tax bracket is |
| 21,525 | 15% |
| 52,025 | 28% |
| 79,275 | 31% |
| 141,575 | 36% |
| All amounts over 141,575 | 39.6% |
For 1999-Head of Household If Taxable Income is not more than |
The tax bracket is |
| 34,050 | 15% |
| 89,150 | 28% |
| 144,400 | 31% |
| 283,150 | 36% |
| All amounts over 283,150 | 39.6% |
For 1999-Single If Taxable Income is not more than |
The tax bracket is |
| 25,750 | 15% |
| 62,450 | 28% |
| 130,250 | 31% |
| 283,150 | 36% |
| All amounts over 283,150 | 39.6% |
Memo: The lowest tax brackets are always used first. Even in the case a person would have income of $500,000 the first $43,050 is taxed at the 15% rate, then the next bracket is taxed ad the 28% rate and so forth with the government taking a larger percentage of each incremental bracket. The computation results in the government taking nearly 1/2 of all money in excess of the top bracket.
2000
For 2000 - Married Filing Jointly If Taxable Income is not more than |
The tax bracket is |
| 43,850 | 15% |
| 105,950 | 28% |
| 161,450 | 31% |
| 288,350 | 36% |
| All over 288,350 | 39.6% |
For 2000 - Married Filing Separately If Taxable Income is not more than |
The tax bracket is |
| 21,925 | 15% |
| 52,975 | 28% |
| 80,725 | 31% |
| 144,175 | 36% |
| All over 144,175 | 39.6% |
For 2000 - Head of Household If Taxable Income is not more than |
The tax bracket is |
| 35,150 | 15% |
| 90,800 | 28% |
| 147,050 | 31% |
| 288,350 | 36% |
| All over 288,350 | 39.6% |
For 2000 - Unmarried If Taxable Income is not more than |
The tax bracket is |
| 26,250 | 15% |
| 63,550 | 28% |
| 132,600 | 31% |
| 288,350 | 36% |
| All over 288,350 | 39.6% |
Law (commentary and citation)
Regs (commentary and citation)
Cases (commentary and citation)
§§§ Law §§§
§274(d)
§§§ Regs §§§
§§§ Cases §§§
This is about Activity Based Taxplanning - maximizing deductions, minimizing cash outlay and maximizing the amount of cash retained and the net worth.
Tax is a subject that many view in order to cut costs. Taxes are a cost just as any other cost. It happens this cost is somewhat intangible and is defined by legislation without a tangible item to view and control. The money is spent and the control of the expenditure is more appropriately administered by someone trained in the law.
This is about Activity Based Costing - methods to cut costs, management accounting, management information systems, decision support systems - in general about being a manager.
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tax_brackets.htm