What was tax rate in 2009?
The average federal income tax rate also reached a new low, settling at 7.2 percent in 2009 — two points lower than in 2007, the CBO said.
What was the tax rate in 2008?
The taxable yield is 5.13%….2008 Marginal Tax Brackets.
| Filing Status | Taxable Income ($) | Marginal Tax Bracket Rate (%) |
|---|---|---|
| Married Filing Jointly | 65,101 to 131,450 | 25 |
| 131,451 to 200,300 | 28 | |
| 200,301 to 357,700 | 33 | |
| 357,701 and higher | 35 |
What is the state income tax rate in Louisiana?
Louisiana has a graduated individual income tax, with rates ranging from 1.85 percent to 4.25 percent. Louisiana also has a corporate income tax that ranges from 3.50 percent to 7.50 percent.
What was the tax rate in 2010?
How We Make Money
| Tax rate | Single filers | Married filing jointly or qualifying widow/widower |
|---|---|---|
| 10% | Up to $8,375 | Up to $16,750 |
| 15% | $8,376 – $34,000 | $16,751 – $68,000 |
| 25% | $34,001 – $82,400 | $68,001 – $137,300 |
| 28% | $82,401 – $171,850 | $137,301 – $209,250 |
What was the standard deduction in 2009?
For 2009, each personal exemption you can claim is worth $3,650, up by $150 from 2008. Higher Standard Deductions. For 2009, the standard deduction for married couples filing a joint return rises to $11,400, up by $500 from 2008. For single filers, the amount increases to $5,700 in 2009, up by $250 over 2008.
How much did the top 1% of income earners pay in taxes in 2009?
The top 1 percent paid a greater share of individual income taxes (38.8 percent) than the bottom 90 percent combined (29.2 percent).
What was the tax rate in 2007?
In 2007, the overall average federal tax rate was 20.4 percent (see Table 1).
Is Louisiana a high tax state?
Louisiana consumers pay the highest average combined state and local sales taxes in the nation, according to the latest report by Washington, D.C.-based Tax Foundation.
Is Louisiana a tax friendly state?
Louisiana is tax-friendly toward retirees. Social Security income is not taxed. Withdrawals from retirement accounts are partially taxed. Wages are taxed at normal rates, and your marginal state tax rate is 5.90%.
What was the tax rate in 2011?
2011 Tax Brackets and Rates
| Single | Married Filing Jointly | |
|---|---|---|
| 10% | $0 to $8,500 | $0 to $17,000 |
| 15% | $8,501 to $34,500 | $17,001 to $69,000 |
| 25% | $34,501 to $83,600 | $69,001 to $139,350 |
| 28% | $83,601 to $174,400 | $139,351 to $212,300 |
Who pays the most taxes rich or poor?
According to the latest data, the top 1 percent of earners in America pay 40.1 percent of federal taxes; the bottom 90 percent pay 28.6 percent.
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