New Brackets for 2003
Expected 2003 married and single tax rate brackets based on 2003 tax law changes.
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The individual tax rate brackets for 2003. These reflect all of the 2003 Jobs and Growth Act rate's bracket changes.
RIA has calculated the increases for 2003 as follows:
RIA has calculated the increases for 2003 as follows:
Tax rate schedules | |
The tax rate schedules for 2003 will be as follows | |
FOR MARRIED INDIVIDUALS FILING JOINT RETURNS AND SURVIVING SPOUSES, THE 2003 RATE BRACKETS ARE: | |
If taxable income is: | The tax is: |
Not over $14,000 | 10% of taxable income |
| Over $14,000 but not over $56,800 | $1,400.00 plus 15% of the excss over $14,000 |
| Over $56,800 but not over $114,650 | $7,820 plus 25% of the excess over $56,800 |
| Over $114,650 but not over $174,700 | $22,282.50 plus 28% of the excess over $114,650 |
| Over $174,700 but not over $311,950 | $39,096.50 plus 33% of the excess over $174,700 |
| Over $311,950 | $84,389.00 plus 35% of the excess over $311,950 |
FOR SINGLE INDIVIDUALS (OTHER THAN HEADS OF HOUSEHOLDS AND SURVIVING SPOUSES), THE 2003 RATE BRACKETS ARE: | |
If taxable income is: | The tax is: |
Not over $7,000 | 10% of taxable income |
Over $7,000 but not over $28,400 | $700.00 plus 15% of the excess over $7,000 |
| Over $28,400 but not over $68,800 | $3,910.00 plus 25% of the excess over $28,400 |
| Over $68,800 but not over $143,500 | $14,010.00 plus 28% of the excess over $68,800 |
| Over $143,500 but not over $311,950 | $34,926.00 plus 33% of the excess over $143,500 |
| Over $311,950 | $90,514.50 plus 35% of the excess over $311,950 |
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