How much you'll pay in taxes if Congress doesn't prevent 'fiscal cliff'

2013 Federal Individual Income Tax Rates under Alternative Tax Rules

 

Over      But not over       CUTS EXTENDED               CUTS EXPIRE

 

SINGLE FILING

 

0-8,900                                 10%                        15%

8,900-36,150                       15%                        15%

36,150-87,550                    25%                        28%

87,550-182,600                  28%                        31%

182,600-397,000                33%                        36%

397,000+                              35%                        39.6%

 

 

MARRIED FILING JOINTLY

0-17,800                               10%                        15%

17,800-60,350                    15%                        15%

60,350-72,300                    15%                        28%

72,300-145,900                  25%                        28%

145,900-222,300                28%                        31%

222,300-397,000                33%                        36%

397,000+                              35%                        39.6%

 

 

HEAD OF HOUSEHOLD

0-12,700                               10%                        15%

12,700-48,400                    15%                        15%

48,400-125,000                  25%                        28%

125,000-202,450                28%                        31%

202,450-397,000                33%                        36%

397,000+                              35%                        39.6%

 

 

Standard Deduction

Single:                                  6,050                     6,050

Married Filing Jointly:   12,100                   10,150

Head of Household:       8,900                     8,900

 

Personal Exemption:     3,850                     3,850

 

 

Source: Tax Policy Center

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