CORPORATION INCOME TAX RATES FOR
2008
Taxable Income
|
Over |
Not Over |
Pay + |
% of Exxess |
Amount of the over- |
$0-
50,000-
75,000-
100,000-
335,000-
10,000,000-
15,000.000-
18,333,333-
|
$50,000
75,000
100,000
335,000
10,000,000
15,000,000
18,333,333
............
|
$0
7500
1375
22,250
113,900
3,400,000
5,150,000 |
15%
25
34
39
34
35
38 |
$0
50,000
75,000
100,000
335,000
10,000,000
15,000,000 |
|
Anchor
INCOME TAX RATE SCHEDULES FOR USE BY ESTATES
AND NONGRANTOR TRUSTS
2008
Taxable Income
|
Over |
Not Over |
Pay + |
% of Exxess |
Amount of the over- |
0-
2,200-
5,150-
7,850-
10,700-
|
2,200
5,150
7,850
10,700
.........
|
$0
330.00
1,067.50
1,823.50
2,764.00
|
15%
25
28
33
35
|
$0
2,200
5,150
7,850
10,700
|
|
UNIFIED TRANSFER TAX RATE SCHEDULE
The unified rate schedule applying to estates of decedents dying and gifts made on 2008 appears below.
Table A- Unified Rate Schedule For 2008
Column A |
Column B |
Column C |
Column D |
Taxable amount over |
Taxable amount
not over |
Tax on amount
not over |
Rate of tax on excess over amount in column A percent |
$0
10,000
20,000
40,000
60,000
80,000
100,000
150,000
250,000
500,000
750,000
1,000,000
1,250,000
1,500,000
2,000,000 |
$10,000
20,000
40,000
60,000
80,000
100,000
150,000
250,000
500,000
750,000
1,000,000
1,250,000
1,500,000
2,000,000
………… |
$0
1,800
3,800
8,200
13,000
18,200
23,800
38,800
70,800
155,800
248,300
345,800
448,300
555,800
780,800 |
18
20
22
24
26
28
30
32
34
37
39
41
43
45
45 |
The top estate and gift tax rate incrementally decreased from 2002 to 2008, when it reached 45 percent where it will remain for 2008. |
|
|
