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IRS 2007 Tax Rates for
Married Couples Filing Separately
These tax tables are designed for married individuals filing their 2007 income tax return separately, and represent significant changes from Tax Year 2006. These tables are effective January 1, 2007, and do not take into account any credits, such as the standard deduction, mortgage deductions, etc.
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Brad Barrymore's Estimated Taxes
Assuming he earned the same last year, Brad's tax bill dropped almost $205.00 compared to last year (when he was using the 2006 income tax rate table for married filing separate taxpayers).
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Michael Middlemore's Estimated Taxes
For 2007, Michael also experienced a lower tax bill, assuming that his taxable income remained the same. His total tax dropped over $390.00 from his 2006 tax return (when he was using the 2006 income tax rate table for married filing separate taxpayers).
These sample equations do not reflect standard deductions, mortgage deductions, or any other credits that may decrease your estimated taxable income. Use only for 2007 income taxes. The names mentioned in these samples are fictitious and not based on any individual. For illustrative and planning purposes only. For more information, or to review the official tax tables, please download Instructions for Form 1040.
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