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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.
20 14 - 20 15. Alaska has two marginal tax brackets, ranging from 0.00% (the lowest Alaska tax bracket) to 0.00% (the highest Alaska tax bracket). Each marginal rate only applies to earnings within the applicable marginal tax bracket, which are the same in Alaska for single filers and couples filing jointly. The Federal Income Tax, by contrast, has different tax brackets for married, single, and Head of Household taxpayers.