| |
Revised 2003 Tax Rate
Schedules
|
If
TAXABLE INCOME |
The
TAX Is |
| THEN |
|
| Is
Over |
But
Not Over |
This
Amount |
Plus
This % |
|
Of
the Excess Over |
| SCHEDULE
X — |
| Single
|
|
$0 |
$7,000 |
$0.00 |
10% |
|
$0.00 |
|
$7,000 |
$28,400 |
$700.00 |
15% |
|
$7,000 |
|
$28,400 |
$68,800 |
$3,910.00 |
25% |
|
$28,400 |
|
$68,800 |
$143,500 |
$14,010.00 |
28% |
|
$68,800 |
|
$143,500 |
$311,950 |
$34,926.00 |
33% |
|
$143,500 |
|
$311,950 |
-- |
$90,514.50 |
35% |
|
$311,950 |
| SCHEDULE
Y-1 — |
| Married
Filing Jointly or Qualifying
Widow(er) |
|
$0 |
$14,000 |
$0.00 |
10% |
|
$0.00 |
|
$14,000 |
$56,800 |
$1,400.00 |
15% |
|
$14,000 |
|
$56,800 |
$114,650 |
$7,820.00 |
25% |
|
$56,800 |
|
$114,650 |
$174,700 |
$22,282.50 |
28% |
|
$114,650 |
|
$174,700 |
$311,950 |
$39,096.50 |
33% |
|
$174,700 |
|
$311,950 |
-- |
$84,389.00 |
35% |
|
$311,950 |
| SCHEDULE
Y-2 — |
| Married
Filing Separately |
|
$0 |
$7,000 |
$0.00 |
10% |
|
$0.00 |
|
$7,000 |
$28,400 |
$700.00 |
15% |
|
$7,000 |
|
$28,400 |
$57,325 |
$3,910.00 |
25% |
|
$28,400 |
|
$57,325 |
$87,350 |
$11,141.25 |
28% |
|
$57,325 |
|
$87,350 |
$155,975 |
$19,548.25 |
33% |
|
$87,350 |
|
$155,975 |
-- |
$42,194.50 |
35% |
|
$155,975 |
| SCHEDULE
Z — |
| Head
of Household |
|
$0 |
$10,000 |
$0.00 |
10% |
|
$0.00 |
|
$10,000 |
$38,050 |
$1,000.00 |
15% |
|
$10,000 |
|
$38,050 |
$98,250 |
$5,207.50 |
25% |
|
$38,050 |
|
$98,250 |
$159,100 |
$20,257.50 |
28% |
|
$98,250 |
|
$159,100 |
$311,950 |
$37,295.50 |
33% |
|
$159,100 |
|
$311,950 |
-- |
$87,736.00 |
35% |
|
$311,950 |
|
|
|
