What Is Our Current Federal Tax Rate?

It varies from countries to countries and from states to states. But in general, the federal tax rate is 15% of your gross salary.

For a single taxpayer, the tax rate in 2007 is:

Taxable income  $100,000 but not over
$160,850 $ × 28%- $ 5,889.25 $

Over $160,850 but not over
$349,700 $ × 33%- $ 13,931.75 $

Over $349,700 $ × 35%- $ 20,925.75 $

For a married taxpayers filing a joint return, the 2007 tax rate is

At least $100,000 but not over
$128,500 $ × 25% - $ 7,152.50

Over $128,500 but not over
$195,850 $ × 28% - $ 11,007.50 $

Over $195,850 but not over
$349,700 $ × 33% -$ 20,800.00 $

Over $349,700 $ × 35%- $ 27,794.00

Taxable income under $100,000 is taxed at 15%.

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