Income Tax Rates

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Income Tax Rates 2011 - 2012

The 2011 Income Tax Rates are the tax rates paid on each tax bracket which is based on your annual income. Your actual tax rate is a variable percentage since each portion of your income is taxed at the tax bracket rate that it falls into. As your income increases into another tax bracket, that portion of income is taxed at the higher rate. 2012 income tax rates are scheduled to stay the same.

Income Tax Rates and Tax Brackets Table

Here is an IRS federal income tax rates table showing the tax rates for each year since 1992. These tax rates as well as the tax brackets above are for federal IRS income taxes only and do not reflect rates for individual state taxes.

 

Legislation has currently locked in our federal income tax rates to stay the same through the 2011 and 2012 tax years. Locking in these Bush tax cut savings for the American public should help families through these tough times in our economy.

 

Below is a table showing the tax rate history from 1992 through 2012, and as you can see, there has been several changes throughout that time frame.

 

1992

1993 - 2000

2001

2002

2003 - 2012

 

 

 

10%

10%

15%

15%

15%

15%

15%

28%

28%

27.5%

27%

25%

31%

31%

30.5%

30%

28%

 

36%

35.5%

35%

33%

 

39.6%

39.1%

38.6%

35%

 

 

Federal Income Tax Rates

Calculating your taxes online has never been easier. Use the FREE online income tax filing calculators below to get your federal taxes due or, hopefully, to see how big your refund will be this year.

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