What Are The Tax Brackets For 2010?

If you’re looking for an answer to the question ‘what are the tax brackets for 2010?’ you’ve come to the right place.  The tax brackets change every year based on the rate of inflation and they determine how much tax you’ll actually pay.

Keep in mind however that you don’t necessarily pay tax on all your income at the same rate.  Keep reading to learn more.

2010 tax brackets

The tax brackets in 2010 depend on your filing status as follows:

Tax rate Single Head of Household Married Filing Jointly or Surviving Spouse Married Filing Separately
10% Up to $8,375 Up to $11,950 Up to $16,750 Up to $8,375
15% $8,376 to $34,000 $11,951 to $45,550 $16,751 to $68,000 $8,376 to $34,000
25% $34,001 to $82,400 $45,551 to $117,650 $68,001 to $137,300 $34,001 to $68,650
28% $82,401 to $171,850 $117,651 to $190,550 $137,301 to $209,250 $68,651 to $104,625
33% $171,851 to $373,650 $190,551 to $373,650 $209,251 to $373,650 $104,626 to $186,825


35% $373,651 or more $373,651 or more $373,651 or more $186,826 or more


The ‘marginal’ tax rate

The US tax system is ‘progressive’, meaning that the amount of income taxes you pay increases in steps as your income increases

For example, if you had a taxable income of $80,000 in 2010 you won’t simply owe 25 per cent of all your income ($20,000) to the IRS.

In 2010, online casino games if you are a single taxpayer your tax would have been worked out as follows:

So, your total tax bill would be $16,181.25 as your tax is charged at different rates.

This also means that your ‘real’ or ‘effective’ tax rate on the $80,000 is 20.2 percent even though your marginal tax rate, which is the rate applied to the last dollar of income that you earned, is 25 per cent.

It is also important to keep in mind that this example also uses your gross earnings (in this case $80,000).  In reality you would be able to reduce this final taxable amount through deductions, adjustments and exemptions.  This will have the effect of reducing your income to a lower taxable level. viagra

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