New Brackets for 2003
Expected 2003 married and single tax rate brackets based on 2003 tax law changes.
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 |
