A progressive tax rate is a tax rate that changes depending on the amount of income earned in a year. As someone earns more income, the percentage of that income to be paid in taxes increases. The higher income you make, the more able you are to pay the tax. It is also known as marginal tax rate or marginal tax bracket.
| Tax Rate 2010 |
Single |
Married Filing Jointly |
|
| Standard Deduction |
$5,700 |
$11,400 |
|
| 10% |
$0-$8,375 |
$0-$16,750 |
|
| 15% |
$8,375-$34,000 |
$16,750-$68,000 |
|
| 25% |
$34,000-$82,400 |
$68,000-$137,300 |
|
| 28% |
$82,400-$171,875 |
$137,300-$209,250 |
|
| 33% |
171,850-$373,650 |
$209,250-$373,650 |
|
| 35% |
>$373,650 |
>$373,650 |
|
| Tax Rate 2011 |
Single |
Filing Jointly |
|
| Standard Deduction |
$5,800 |
$11,600 |
|
| 10% |
$0-$8,500 |
$0-$17,000 |
|
| 15% |
$8,500-$34,500 |
$17,000-$69,000 |
|
| 25% |
$34,500-$83,600 |
$69,000-$139,500 |
|
| 28% |
$83,600-$174,400 |
$139,500-$212,300 |
|
| 33% |
174,400-$379,150 |
$212,300-$379,150 |
|
| 35% |
>$379,150 |
>$379,150 |
|
