| FOR 2007 |
|---|
| Business mileage rate | 48.5 cents per mile. |
| Charitable mileage rate | 14 cents per mile |
| Medical or Moving mileage rate | 20 cents per mile |
| Social Security wage base | $97,500 |
| (6.2% Social Security Tax on base and 1.45% Medicare Tax unlimited) | |
| Single Tax Rates for 2007 |
|---|
Taxable Income Over But Not Over | Tax Bracket |
$ 0 - $7,825 | 10% |
7,826 - 31,850 | 15 |
31,851 - 77,100 | 25 |
77,101 - 160,850 | 28 |
160,851 - 349,700 | 33 |
349,701 - ...... | 35 |
| Married Filing Joint Tax Rates for 2007 |
|---|
Taxable Income Over But Not Over | Tax Bracket |
$ 0 - $15,650 | 10% |
15,651 - 63,700 | 15 |
63,701 - 128,500 | 25 |
128,501 - 195,850 | 28 |
195,851 - 349,700 | 33 |
349,701 - ...... | 35 |