|
|
IRS 2006 Tax Rates for
Single Individual
These tax tables are designed for single individuals filing their 2006 income tax return, and represent significant changes from Tax Year 2005. These tables are effective as of January 1, 2006, and do not take into account any credits, such as the standard deduction, mortgage deductions, etc.
|
|
|
|
|
|
Jacob Barkley's Estimated Taxes
Assuming he made the same amount last year, Jacob's 2006 total tax dropped $175.00 from last year, using the 2005 income tax rate table for single taxpayers. |
|
|
|
|
Melissa Raintree's Estimated Taxes
Melissa also came out better in 2006 than the previous year, assuming that she earned the same income. Her total tax dropped almost $70.00 from her 2005 tax return, using the 2005 income tax rate table for single taxpayers.
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.
|
|
|