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2012 Tax Rate Schedules
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The individual tax rate schedules should only be used to calculate your Federal tax if your taxable income is
over $100,000. If your taxable income is under $100,000, use the IRS tax tables or my
tax calculator
. The IRS provides the following tables to assist taxpayers in understanding
how their tax is calculated.
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Single
| At least: | But not over: | The tax is: | of the
amount over | | $ 0 | $ 8,700 | $ 0 + 10.0% | $ 0 | | 8,700 | 35,350 | 870.00 + 15.0% | 8,700 | | 35,350 | 85,650 | 4,867.50 + 25.0% | 35,350 | | 85,650 | 178,650 | 17,442.50 + 28.0% | 85,650 | | 178,650 | 388,350 | 43,482.50 + 33.0% | 178,650 | | 388,350 | --- | 112,683.50 + 35.0% | 388,350 |
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Married filing jointly or Qualifying widow(er)
| At least: | But not over: | The tax is: | of the
amount over | | $ 0 | $ 17,400 | $ 0 + 10.0% | $ 0 | | 17,400 | 70,700 | 1,740.00 + 15.0% | 17,400 | | 70,700 | 142,700 | 9,735.00 + 25.0% | 70,700 | | 142,700 | 217,450 | 27,735.00 + 28.0% | 142,700 | | 217,450 | 388,350 | 48,665.00 + 33.0% | 217,450 | | 388,350 | --- | 105,062.00 + 35.0% | 388,350 |
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C Corporations (Form 1120)
| At least: | But not over: | The tax is: | of the
amount over |
| $ 0 | $ 50,000 | $ 0 + 15% | $ 0 |
| 50,000 | 75,000 | 7,500.00 + 25% | 50,000 |
| 75,000 | 100,000 | 13,750.00 + 34% | 75,000 |
| 100,000 | 335,000 | 22,250.00 + 39% | 100,000 |
| 335,000 | 10,000,000 | 113,900.00 + 34% | 335,000 |
| 10,000,000 | 15,000,000 | 3,400,000.00 + 35% | 10,000,000 |
| 15,000,000 | 18,333,333 | 5,150,000.00 + 38% | 15,000,000 |
| 18,333,333 | --- | 0 + 35% | 0 |
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Fiduciary/Estate (Form 1041)
| At least: | But not over: | The tax is: | of the
amount over |
| $ 0 | $ 2,400 | $ 0 + 15.0% | $ 0 |
| 2,400 | 5,600 | 360.00 + 25.0% | 2,400 |
| 5,600 | 8,500 | 1,160.00 + 28.0% | 5,600 |
| 8,500 | 11,650 | 1,972.00 + 33.0% | 8,500 |
| 11,650 | --- | 3,011.50 + 35.0% | 11,650 |
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Oregon Inheritance Tax After 1/1/12
| At least: | But not over: | The tax is: | of the
amount over | | 1,000,000 | 1,500,000 | 0 + 10.00% | 1,000,000 | | 1,500,000 | 2,500,000 | 50,000 + 10.25% | 1,500,000 | | 2,500,000 | 3,500,000 | 152,500 + 10.50% | 2,500,000 | | 3,500,000 | 4,500,000 | 257,500 + 11.00% | 3,500,000 | | 4,500,000 | 5,500,000 | 367,500 + 11.50% | 4,500,000 | | 5,500,000 | 6,500,000 | 482,500 + 12.00% | 5,500,000 | | 6,500,000 | 7,500,000 | 602,500 + 13.00% | 6,500,000 | | 7,500,000 | 8,500,000 | 732,500 + 14.00% | 7,500,000 | | 8,500,000 | 9,500,000 | 872,500 + 15.00% | 8,500,000 | | 9,500,000 | | 1,022,500 + 16.00% | 9,500,000 |
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