What does the tax table from 2014 look like?


Quick Answer

Federal tax tables for 2014 are categorized according to filer type: single, married filing jointly or surviving spouse, married filing separately and head of household, reports Intuit. Additionally, each table then provides tax rate information depending on the amount of taxable income earned by the individual filing.

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Full Answer

For 2014, individuals pay different rates on different amounts of taxable income earned, according to Intuit. The lowest tax rate of 10 percent is paid by single filers and married filers filing separately earning up to $9,075, married filers filing jointly or surviving spouses earning up $18,150, and heads of households earning up to $12,950. The highest tax rate of 39.6 percent is paid on taxable income earned over $406,750 by single filers, over $457,600 by married filers filing jointly or surviving spouses, over $228,800 by married filers filing separately, and over $432,200 by heads of households.

The United States uses a progressive income tax system in which different amounts of taxable income are taxed at different rates for all filers, but this does not mean that if individuals are in the highest tax bracket they pay 39.6 percent on all income, says TaxACT. The income earned under the highest tax bracket amount is taxed at different rates per each of the seven wage brackets.

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