Robert J. Romano
 
Certified Public Accountant
Business Consultant
Financial Planner

2007 Rates


FOR 2007

Business mileage rate48.5 cents per mile.
Charitable mileage rate14 cents per mile
Medical or Moving mileage rate20 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