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How Federal Income Tax Brackets Work. Say a married couple, filing jointly, in 2016, had a taxable income of $175,000. Each dollar over $151,900âor $23,100âwould fall into the 28% federal income tax bracket. However, the couples' total federal tax would have been $35,986âjust about 20%, of their adjusted gross income.
The 2017 tax brackets are the tax rates you'll pay on income earned in that calendar year, based on the tax return you'll file in 2018. For the return you'll file in 2017, you should refer to the 2016 tax brackets, which can be found here.