Details Of 2010 Federal Income Taxes: Difference between revisions

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But, individuals are shocking fact. You pay less tax on a dollars of earnings and more tax on your last all of us. Let us assume you are single and your taxable income sums up to $45,000 during 12 months 2010. Then you pay federal tax in the rate of 10 percent on the first $8,350 of taxable income. Another 15% imposed on income between $8,350 and $33,950. 25% is charged on income from $33,950 to $45,000.

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