Message Font: Serif | Sans-Serif
No. of Recommendations: 1
You would use the number on line 39 of the 1040 to get the exact bracket. I am assuming you are single:

26,250 or less 15%
26,251 to 63,550 28%
63,551 to 132,600 31%

132,601 to 288,350 36%
288, 351 and up 39.6%

That is your bracket but that is not your tax.
Let's assume you earn 50K
the first 26,250 is taxed at 15%
the balance over 26,250 is taxed at 28%

This will be less than if you just multiplied 50k by 28%.
Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.