Tax Rates 2018
Because you are taxed differently depending on your "taxable income" and the various "tax brackets" it is difficult to determine what percentage you are paying in Federal Tax when it's all said and done.
The table below uses the 2018 Federal Tax Rates for a Single Individual with a Standard Deduction.
Want to play with the numbers yourself?
You can download a copy of the spreadsheet here
Federal 2018 Taxes (Single)
| Gross Income | Adjusted Income | Tax in $ | Tax in % |
|---|---|---|---|
| $5,000 | $(7,000) | $- | 0% |
| $10,000 | $(2,000) | $- | 0% |
| $15,000 | $3,000 | $300 | 0% |
| $20,000 | $8,000 | $800 | 0% |
| $25,000 | $13,000 | $1,369 | 5% |
| $30,000 | $18,000 | $1,969 | 7% |
| $35,000 | $23,000 | $2,569 | 7% |
| $40,000 | $28,000 | $3,169 | 8% |
| $45,000 | $33,000 | $3,769 | 8% |
| $50,000 | $38,000 | $4,369 | 9% |
| $55,000 | $43,000 | $5,397 | 10% |
| $60,000 | $48,000 | $6,497 | 11% |
| $65,000 | $53,000 | $7,597 | 12% |
| $70,000 | $58,000 | $8,697 | 12% |
| $75,000 | $63,000 | $9,797 | 13% |
| $80,000 | $68,000 | $10,897 | 14% |
| $85,000 | $73,000 | $11,997 | 14% |
| $90,000 | $78,000 | $13,010 | 14% |
| $95,000 | $83,000 | $14,210 | 15% |
| $100,000 | $88,000 | $15,410 | 15% |
| $105,000 | $93,000 | $16,610 | 16% |
| $110,000 | $98,000 | $17,810 | 16% |
| $115,000 | $103,000 | $19,010 | 17% |
| $120,000 | $108,000 | $20,210 | 17% |
| $125,000 | $113,000 | $21,410 | 17% |
| $130,000 | $118,000 | $22,610 | 17% |
| $135,000 | $123,000 | $23,810 | 18% |
| $140,000 | $128,000 | $25,010 | 18% |
Details
Single Personal Exception $0 Standard Deduction $12,000 Yearly Yearly Rate 0 9,525 10% 9,526 38,700 $952.50 +12% of the amount over 9,525 38,701 82,500 $4,450.5 + 22% of the amount over 38,700 82,501 157,500 $14,089.5 +24% of the amount over 82,500