Income Tax Rates
Income tax rates for 2012
The income tax rates for 2012, determined on the basis of your taxable income, are as follows:
| Taxable income | Rate |
|---|---|
| $40,100 or less | 16% |
| More than $40,100 but not more than $80,200
|
20% |
| More than $80,200 | 24% |
Income tax rates for 2013
The income tax rates for 2013, determined on the basis of your taxable income, are as follows:
| Taxable income | Rate |
|---|---|
| $41,095 or less | 16% |
| More than $41,095 but not more than $82,190 | 20% |
| More than $82,190 But not more than $100,000 | 24% |
| More than $100,000 | 25.75% |
Last Updated: 2013-01-07
