What’s Your Tax Bracket for 1999?
There is still plenty of time to adjust your tax withholding or plan your deductions this year. And with the release of 1999 California tax rate schedules, it is possible for the state’s residents to figure out their precise income tax burden. Federal and state tax brackets for the two largest categories of taxpayers are combined in the charts below. The average overall tax rate for an individual or couple would vary by how much income falls into each bracket. Itemizers, who can deduct state taxes from income, have an effectively lower federal tax rate:
Single
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Taxable income* Federal California Combined Combined income Rate Rate Rate Rate (non-itemizers) (itemizers) $0-5,264 15.0% 1.0% 16% 15.9 $5,265-12,477 15.0 2.0 17 16.7 $12,478-19,692 15.0 4.0 19 18.4 $19,693-25,750 15.0 6.0 21 20.1 $25,751-27,337 28.0 6.0 34 32.3 $27,338-34,548 28.0 8.0 36 33.8 $34,549-62,450 28.0 9.3 37.3 34.7 $62,451-130,250 31.0 9.3 40.3 37.4 $130,251-283,150 36.0 9.3 45.3 42.0 Over $283,150 39.6 9.3 48.9 45.2
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Married, filing jointly:
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Taxable income* Federal California Combined Combined income Rate Rate Rate Rate (non-itemizers) (itemizers) $0-10,528 15.0% 1.0% 16% 15.9 $10,529-24,954 15.0 2.0 17 16.7 $24,955-39,384 15.0 4.0 19 18.4 $39,385-43,050 15.0 6.0 21 20.1 $43,051-54,674 28.0 6.0 34 32.3 $54,675-69,096 28.0 8.0 36 33.8 $69,097-104,050 28.0 9.3 37.3 34.7 $104,051-158,550 31.0 9.3 40.3 37.4 $158,551-283,150 36.0 9.3 45.3 42.0 Over $283,150 39.6 9.3 48.9 45.2
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* Adjusted gross income (AGI), minus adjustments and deductions. Source: Franchise Tax Board, California Municipal Bond Advisor, Times research
