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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.
There are 1 income tax brackets for Tennessee. If your income range is $0 and over, your tax rate on every dollar of income earned is 6%. Income tax brackets data last updated March 3rd, 2009. Filing for Tennessee State Income Tax Return.