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US Federal Income Tax Rates & Brackets for 2013 " US Federal income tax rates for tax year 2013 " |
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April 15, 2013: Today is "Tax Day" when US Federal income taxes for 2012 must be paid even if you file for an extension. 39.6% is the top Federal marginal tax rate in 2013. Last year, 2012, the top marginal tax rate was "only" 35%. With the new tax rates for 2013, there is a huge penalty for two people to marry if they are both in the higher tax brackets, especially if their combined income pushes them above the $450,000 threshold. US Federal tax rates for tax year 2013: For tax year 2013 returns that will be filed in 2014
Note: Each tax rate applies to a range of income, which is called a tax bracket. Each tax rate applies to a specific range of taxable income. Taxable income is total income after various deductions have been subtracted. |
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