Tax Rates

2017 Federal Income Tax Brackets and Marginal Rates

Your marginal tax bracket determines how much of the earnings from savings and investments you get to keep after taxes. Below are the four individual tax rate schedules for 2017:

Individual Tax Rate Schedules for 2017

Filing Status	Taxable Income ($)	Marginal Tax Bracket Rate (%)
Married Filing Jointly	0 to 18,450	10
	18,451 to 74,900	15
	74,901 to 151,200	25
	151,201 to 230,450	28
	230,451 to 411,500	33
	411,501 to 464,850	35
	464,851 and higher	39.6
Head of Household	0 to 13,150	10
	13,151 to 50,200	15
	50,201 to 129,600	25
	129,601 to 290,850	28
	209,8511 to 411,500	33
	411,501 to 439,000	35
	493,001 and higher	39.6
Single	0 to 9,225	10
	9,226 to 37,450	15
	37,451 to 90,750	25
	90,751 to 189,300	28
	189,301 to 411,500	33
	411,501 to 413,200	35
	413,201 and higher	39.6
Married Filing Separately	0 to 9,225	10
	9,226 to 37,450	15
	37,451 to 75,600	25
	75,601 to 115,225	28
	115,226 to 205,750	33
	205,751 to 232,425	35
	232,426 and higher	39.6

Tax-Exempt and Taxable Yields Compared*
Tax-Exempt Yield (%)	Taxable Equivalent Yield (%) for Tax Rate of:
Tax-Exempt Yield (%)	15% Tax Bracket	25% Tax Bracket	28% Tax Bracket	33% Tax Bracket	35% Tax Bracket	39.6% Tax Bracket
2.0	2.35	2.66	2.77	2.98	3.08	3.31
2.5	2.94	3.33	3.47	3.73	3.85	4.14
3.0	3.53	4.00	4.17	4.48	4.62	4.97
3.5	4.18	4.66	4.86	5.22	5.38	5.79
4.0	4.71	5.33	5.55	5.97	6.15	6.62
4.5	5.29	6.00	6.25	6.71	6.92	7.45
5.0	5.88	6.66	6.94	7.46	7.69	8.28
5.5	6.47	7.33	7.63	8.20	8.46	9.11
6.0	7.06	8.00	8.33	8.95	9.23	9.93
6.5	7.65	8.66	9.02	9.70	10.00	10.76
7.0	8.24	9.33	9.72	10.44	10.77	11.59
*Federal income tax rates only. Does not include state income tax.

*Federal income tax rates only. Does not include state income tax.

If you cannot find a specific rate on the chart you can compare yields by using the following formula:
Taxable equivalent yield = tax-free yield ÷ (100% - marginal tax bracket %)
Example: Assume you are in the 25% tax bracket, and have an account with a 4.5% tax-free yield. To get the equivalent taxable yield, divide 4.5% by 75% (100% - 25%). The taxable yield is 6.%.

IMPORTANT DISCLOSURES
Financial Visions does not provide investment, tax, or legal advice. The information presented here is not specific to any individual's personal circumstances.

To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances.

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