Rosary Bay is a Christian mission-driven online resource and shop inspired from the beauty of Catholic faith, tradition, and arts. we promote fully Traditional Catholic Latin Mass, Sacraments, Doctrine, and Morality. Â© 2016 Rosary Bay. All Rights Reserved.
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.
They are the tax brackets for your income earned in 2016 (which will be filed on your 2016 tax return due in 2017). These tax brackets are NOT the tax rates you will use to file your tax return in 2016.