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IRS 2006 Tax Rates for
Married Couples Filing Jointly
These tax tables are designed for married individuals filing their 2006 income tax return, and represent significant changes from Tax Year 2005. These tables are effective January 1, 2006, and may also be used for qualifying widows and widowers. These rates do not take into account any credits, such as the standard deduction, mortgage deductions, etc.
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Louis and Lilly Leopold's Estimated Taxes
Assuming Louis and Lilly made the same amount last year, their 2006 tax bill dropped over $300, using the 2005 income tax rate table for joint married taxpayers. |
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Isabel Richards' Estimated Taxes
Isabel also experienced tax savings from the previous year, assuming she and her husband earned the same amount last year. Her total tax dropped $610.00 over last year, using the 2005 income tax rate table for joint married taxpayers and qualifying widow(ers).
These sample equations do not reflect standard deductions, mortgage deductions, or any other credits that may decrease your estimated taxable income. Use only for 2006 income taxes. The names mentioned in these samples are fictitious and not based on any individual. For illustrative and planning purposes only. For more information, or to review the official tax tables, please download Instructions for Form 1040.
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