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Statistics of Income (SOI) is a program and associated division of the Internal Revenue Service (IRS) in the United States to make statistics collected from income tax returns and information returns available to other government agencies and the general public. [1] It fulfills an IRS function mandated by the Revenue Act of 1916. [1]
In 2024, federal income tax rates remain at 10%, 12%, 22%, 24%, 32%, 35%, and 37%. While these rates stay the same for 2025, the income thresholds for each bracket will adjust for inflation.
Each individual filing category contains seven income-based 2020 federal tax brackets. Brackets range from those who made no income at all to the wealthiest individuals — in the highest federal ...
The IRS on Tuesday announced its new inflation-adjusted tax brackets for 2025, with the annual income thresholds rising by about 2.8% from 2024 — the smallest jump in several years.
Based on the summary of federal tax income data in 2009, with a tax rate of 35%, the highest earning 1% of people paid 36.7% of the United States' income tax revenue. [ 103 ]
The origin of the current rate schedules is the Internal Revenue Code of 1986 (IRC), [2] [3] which is separately published as Title 26 of the United States Code. [4] With that law, the U.S. Congress created four types of rate tables, all of which are based on a taxpayer's filing status (e.g., "married individuals filing joint returns," "heads of households").
Income less than $11,600 will incur a 10% tax on the taxable income. 12% for incomes over $11,600. 22% for incomes over $47,150. 24% for incomes over $100,525. 32% for incomes over $191,950. 35% ...
U.S. tax brackets may refer to: Income tax in the United States; Tax rate schedules This page was last edited on 11 ... Statistics; Cookie statement;
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related to: irs tax statistics by income rangeturbotax.intuit.com has been visited by 100K+ users in the past month