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IRS 2008 Tax Rates for
Single Individual
These tax tables are designed for single individuals filing their 2008 income tax return, and represent significant changes from Tax Year 2007. These tables are effective as of January 1, 2008, and do not take into account any types of tax credits or deducations, such as the standard deduction, mortgage deductions, etc.
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Marlon Anderson's Estimated Taxes
Assuming he made the same amount last year, Marlon's 2008 total tax dropped $132.50 from last year, using the 2007 income tax rate table for single taxpayers. |
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Meredith Mason's Estimated Taxes
Meredith also came out better in 2008 than the previous year, assuming that she earned the same income. Her total tax dropped a measly $5.00 from her 2006 tax return, using the 2007 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 2008 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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