2012 Tax Rates

The IRS has set out the inflation adjusted tax rates for 2012 in Rev. Proc. 2011-52.  http://www.irs.gov/pub/irs-drop/rp-11-52.pdf.  For married couples filing jointly and surviving spouses, here are the 2012 marginal rates:

10% of income not over $17,400

15% of income between $17,400 & $70,700.

25% of income between $70,700 & $142,700

28% of income between $142,700 & $217,450

33% of income between $217,450 & $388,350

35% of income over $388,350.