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Revision as of 17:47, 9 September 2026


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For individuals with higher incomes, the top tax rate was increased to 39.6% These limits are determined with the foreign earned income exemption. That makes his final adjusted gross income $57,058 ($39,000 plus $18,058). After he takes his 2006 standard deduction of $6,400 ($5,150 $1,250 for age 65 or over) in addition to personal exemption of $3,300, his taxable income is $47,358. That puts him all of the 25% marginal tax class.

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