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Tax Quick Guide 2010

Tax Quick Guide 2010

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Published by oberini
A snap shot of 2010 tax law changes
A snap shot of 2010 tax law changes

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Published by: oberini on Jan 12, 2011
Copyright:Attribution Non-commercial

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08/10/2011

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If Taxable Of theIncome Is But Not AmountOverOverTax IsPlusOver
$0$8,37510%$0$8,375$34,000$837.5015%$8,375$34,000$68,650$4,681.2525%$34,000$68,650$104,625$13,343.7528%$68,650$104,625$186,825$23,416.7533%$104,625$186,825$50,542.7535%$186,825
Single TaxpayersMarried Taxpayers Filing Joint Returnsand Surviving SpousesMarried Taxpayers Filing Separate ReturnsHeads of Household
If Taxable Of theIncome Is But Not AmountOverOverTax IsPlusOver
$0$16,75010%$0$16,750$68,000$1,67515%$16,750$68,000$137,300$9,362.5025%$68,000$137,300$209,250$26,687.5028%$137,300$209,250$373,650$46,833.5033%$209,250$373,650$101,085.5035%$373,650
If Taxable Of theIncome Is But Not AmountOverOverTax IsPlusOver
$0$11,95010%$0$11,950$45,550$1,19515%$11,950$45,550$117,650$6,23525%$45,550$117,650$190,550$24,26028%$117,650$190,550$373,650$44,67233%$190,550$373,650$105,09535%$373,650
Trusts and Estates
If Taxable Of theIncome Is But Not AmountOverOverTax IsPlusOver
$0$2,30015%$0$2,300$5,350$34525%$2,300$5,350$8,200$1,107.5028%$5,350$8,200$11,200$1,905.5033%$8,200$11,200$2,895.5035%$11,200
Capital Gains Rates
For taxpayers in 10% and 15% brackets, long-term capital gains tax rateis zero.
For all other brackets, long-term capital gains tax rate is 15%.
Maximum unrecaptured section 1250 gain tax rate is 25%.
Collectibles gain tax rate is 28%.
Self-Employment Tax
Self-employment tax rate: 15.3% (12.4% OASDI tax and 2.9% Medicaretax).
Wage base: OASDI tax is computed on the first $106,800 of income. Max-imum OASDI tax is $13,243.20.
Self-employed individuals who deduct the cost of health insurance forthemselves and their spouses, dependents, and children under 27 years old
 Journal of Accountancy 
Filing Season Quick Guide—Tax Year 2010
If Taxable Of theIncome Is But Not AmountOverOverTax IsPlusOver
$0$8,37510%$0$8,375$34,000$837.5015%$8,375$34,000$82,400$4,681.2525%$34,000$82,400$171,850$16,781.2528%$82,400$171,850$373,650$41,827.2533%$171,850$373,650$108,421.2535%$373,650
2010 Tax Rate Tables

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