The following table assumes taxable income is all ordinary income. Multiply taxable income by the applicable tax rate under the correct filing status and subtract the amount shown. Although this method differs from the IRS Tax Rate Schedules, the results are the same. Copper Canyon Tax and Financial Services provides this table for informational purposes only. Please refer to IRS Tax Tables if you are preparing a tax return.

2010 Tax Tables


Married Filing Joint or Qualified Widower Taxable Income
 Key Amounts
Over
 Up to Standard Deductions
0
 16,750 x 10% minus 0.00 = Tax Liability MFJ or QW
 11,400
16,751
 68,000 x 15%
 minus 837.50 = Tax Liability
 Single 5,700
68,001 137,300 x 25%
 minus 7,637.50 = Tax Liability
 HOH 8,400
137,301 209,250 x 28%
 minus 11,756.50 = Tax Liability
 MFS 5,700
209,251 373,650 x 33%
 minus 22,219.00 = Tax Liability
 Dependents return
 950
373,651 and over x 35% minus 29,692.00 = Tax Liability Personal Exemption
 3,650

Single Taxable Income
 Earned Income Credit (EIC) Maximums
Over
 Up to
0
 8,375 x 10% minus 0.00 = Tax Liability
8,376
 34,000 x 15%
 minus 418.75 = Tax Liability
 No Children
 457
34,001 82,400 x 25%
 minus 3,818.75 = Tax Liability
 1 Child
 3,050
82,401 171,850 x 28%
 minus 6,290.75 = Tax Liability
 2 Children
 5,036
171,851 373,650 x 33%
 minus 14,883.25 = Tax Liability
 3 or More Children
 5,666
373,651 and over x 35% minus 22,356.25 = Tax Liability
Head of Household Taxable Income
 Standard Mileage
Over
 Up to
0
 11,950 x 10% minus 0.00 = Tax Liability
11,951
 45,550 x 15%
 minus 597.50 = Tax Liability
 Business .50
45,551 117,650 x 25%
 minus 5,152.50 = Tax Liability
 Medical/ Moving
 .165
117,651 190,550 x 28%
 minus 8,682.00 = Tax Liability
 Charitable .14
190,551 373,650 x 33%
 minus 18,209.50 = Tax Liability
373,651 and over x 35% minus 25,682.50 = Tax Liability

Married Filing Seperate Taxable Income
 Social Security Highlights
Over
 Up to Maximum Earning Subject to:
0
 8,375 x 10% minus 0.00 = Tax Liability Social Security Tax
 106,800
8,376
 34,000 x 15%
 minus 418.75 = Tax Liability
 Medicare Tax
 No Limit
34,001 68,650 x 25%
 minus 3,818.75 = Tax Liability
 SS Tax Rate: Employee
 6.2%
68,651 104,625 x 28%
 minus 5,878.25 = Tax Liability
 SS Tax Rate: Self Employed
 12.4%
104,626 186,825 x 33%
 minus 11,109.50 = Tax Liability
 MC Tax Rate: Employee
 1.45%
186,826 and over x 35% minus 14,846.00 = Tax Liability MC Tax Rate: Self Employed
 2.90%

2009 Tax Tables

Income Tax Single Married Filing Jointly / Qualifying Widower Married Filing Separately Head of Household LTCG / QD*
Rate over up to over up to over up to over up to Rate
10% 0 8,350 0 16,700 0 8,350 0 11,950 0%
15% 8,350 33,950 16,700 67,900 8,350 33,950 11,950 45,500 0%
25% 33,950 82,250 67,900 137,050 33,950 68,525 45,500 117,450 15%
28% 82,250 171,550 137,050 208,850 68,525 104,425 117,450 190,200 15%
33% 171,550 372,950 208,850 372,950 104,425 186,475 190,200 372,950 15%
35% 372,950 372,950 186,475 372,950 15%
* Long-Term Capital Gains and Qualified Dividend

2008 Tax Tables

Income Tax Single Married Filing Jointly / Qualifying Widower Married Filing Separately Head of Household LTCG / QD*
Rate over up to over up to over up to over up to Rate
10% 0 8,025 0 16,050 0 8,025 0 11,450 0%
15% 8,025 32,550 16,050 65,100 8,025 32,550 11,450 43,650 0%
25% 32,550 78,850 65,100 131,450 32,550 65,725 43,650 112,650 15%
28% 78,850 164,550 131,450 200,300 65,725 100,150 112,650 182,400 15%
33% 164,550 357,700 200,300 357,700 100,150 178,850 182,400 357,700 15%
35% 357,700 357,700 178,850 357,700 15%
* Long-Term Capital Gains and Qualified Dividend