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2014 Tax Rate Schedules
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The individual tax rate schedules should only be used to calculate your Federal tax if your taxable income is
over $100,000. If your taxable income is under $100,000, use the IRS tax tables or my
tax calculator
. The IRS provides the following tables to assist taxpayers in understanding
how their tax is calculated.
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Single
| At least: | But not over: | The tax is: | of the
amount over | | $ 0 | $ 9,075 | $ 0 + 10.0% | $ 0 | | 9,075 | 36,900 | 907.50 + 15.0% | 9,075 | | 36,900 | 89,350 | 5,081.25 + 25.0% | 36,900 | | 89,350 | 186,350 | 18,193.75 + 28.0% | 89,350 | | 186,350 | 405,100 | 45,353.75 + 33.0% | 186,350 | | 405,100 | 406,750 | 117,541.25 + 35.0% | 405,100 | | 406,750 | --- | 118,118.75 + 39.6% | 406,750 |
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Married filing jointly or Qualifying widow(er)
| At least: | But not over: | The tax is: | of the
amount over | | $ 0 | $ 18,150 | $ 0 + 10.0% | $ 0 | | 18,150 | 73,800 | 1,815.00 + 15.0% | 18,150 | | 73,800 | 148,850 | 10,162.50 + 25.0% | 73,800 | | 148,850 | 226,850 | 28,925.00 + 28.0% | 148,850 | | 226,850 | 405,100 | 50,765.00 + 33.0% | 226,850 | | 405,100 | 457,600 | 109,587.50 + 35.0% | 405,100 | | 457,600 | --- | 127,962.50 + 39.6% | 457,600 |
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Married filing separately
| At least: | But not over: | The tax is: | of the
amount over | | $ 0 | $ 9,075 | $ 0 + 10.0% | $ 0 | | 9,075 | 36,900 | 907.50 + 15.0% | 9,075 | | 36,900 | 74,425 | 5,081.25 + 25.0% | 36,900 | | 74,425 | 113,425 | 14,462.50 + 28.0% | 74,425 | | 113,425 | 202,550 | 25,382.50 + 33.0% | 113,425 | | 202,550 | 228,800 | 54,793.75 + 35.0% | 202,550 | | 228,800 | --- | 63,981.25 + 39.6% | 228,800 |
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Head of household
| At least: | But not over: | The tax is: | of the
amount over | | $ 0 | $ 12,950 | $ 0 + 10.0% | $ 0 | | 12,950 | 49,400 | 1,295.00 + 15.0% | 12,950 | | 49,400 | 127,550 | 6,762.50 + 25.0% | 49,400 | | 127,550 | 206,600 | 26,300.00 + 28.0% | 127,550 | | 206,600 | 405,100 | 48,434.00 + 33.0% | 206,600 | | 405,100 | 432,200 | 113,939.00 + 35.0% | 405,100 | | 432,200 | --- | 123,424.00 + 39.6% | 432,200 |
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Long-term Capital Gains Rates
| Tax bracket | Rate |
| 0% - 15% brackets | 0% |
| 25% - 35% brackets | 15% |
| 39.6% bracket | 20% |
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Additional 3.8% Medicare Tax
An additional 3.8% federal Medicare tax applies to individuals
on the lesser of net investment income or modified AGI in
excess of $200,000 single or $250,000 married.
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C Corporations (Form 1120)
| At least: | But not over: | The tax is: | of the
amount over | | $ 0 | $ 50,000 | $ 0 + 15.0% | $ 0 | | 50,000 | 75,000 | 7,500.00 + 25.0% | 50,000 | | 75,000 | 100,000 | 13,750.00 + 34.0% | 75,000 | | 100,000 | 335,000 | 22,250.00 + 39.0% | 100,000 | | 335,000 | 10,000,000 | 113,900.00 + 34.0% | 335,000 | | 10,000,000 | 15,000,000 | 3,400,000.00 + 35.0% | 10,000,000 | | 15,000,000 | 18,333,333 | 5,150,000.00 + 38.0% | 15,000,000 | | 18,333,333 | --- | 6,416,666.54 + 35.0% | 18,333,333 |
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Fiduciary/Estate (Form 1041)
| At least: | But not over: | The tax is: | of the
amount over | | $ 0 | $ 2,500 | $ 0 + 15.0% | $ 0 | | 2,500 | 5,800 | 375.00 + 25.0% | 2,500 | | 5,800 | 8,900 | 1,200.00 + 28.0% | 5,800 | | 8,900 | 12,150 | 2,068.00 + 33.0% | 8,900 | | 12,150 | --- | 3,140.50 + 39.6% | 12,150 |
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Oregon Inheritance Tax After 1/1/12
| At least: | But not over: | The tax is: | of the
amount over | | 1,000,000 | 1,500,000 | 0 + 10.00% | 1,000,000 | | 1,500,000 | 2,500,000 | 50,000 + 10.25% | 1,500,000 | | 2,500,000 | 3,500,000 | 152,500 + 10.50% | 2,500,000 | | 3,500,000 | 4,500,000 | 257,500 + 11.00% | 3,500,000 | | 4,500,000 | 5,500,000 | 367,500 + 11.50% | 4,500,000 | | 5,500,000 | 6,500,000 | 482,500 + 12.00% | 5,500,000 | | 6,500,000 | 7,500,000 | 602,500 + 13.00% | 6,500,000 | | 7,500,000 | 8,500,000 | 732,500 + 14.00% | 7,500,000 | | 8,500,000 | 9,500,000 | 872,500 + 15.00% | 8,500,000 | | 9,500,000 | | 1,022,500 + 16.00% | 9,500,000 |
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