No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. If you’re one of the lucky few to earn enough to fall into the 37 bracket, that doesn’t mean that the entirety of your taxable income will be subject to a 37 tax. For example, a married couple with taxable income of 83,550 is at the top of the 12 bracket. The top marginal income tax rate of 37 percent will hit taxpayers with taxable income of 510,300 and higher for single filers and 612,350 and higher for married couples filing jointly. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. currently has seven federal income tax brackets, with rates of 10, 12, 22, 24, 32, 35 and 37. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. Tax Brackets (Federal Income Tax Rates) 2000 through 2023 Federal Tax Brackets Your tax bracket is the rate you pay on the 'last dollar' you earn but as a percentage of your income, your tax rate is generally less than that.
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