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Hi, What are the tax brackets and AVERAGE tax rates in Texas for the 2007? |
Hi, What are the tax brackets and AVERAGE tax rates in Texas for the 2007? For 2006 federal rates (Texas has no income tax): For single: 10% of income from 0 to 7,550 15% of income from 7,550 to 30,650 25% of income from 30,650 to 61,850 28% of income from 61,850 to 94,225 33% of income from 94,225 to 168,275 35% of income over 168,275 For head of househould: 10% of income from 0 to 10,750 15% of income from 10,750 to 41,050 25% of income from 41,050 to 106,000 28% of income from 106,000 to 171,650 33% of income from 171,650 to 336,550 35% of income over 336,550 For head of married joint or survivng spouse: 10% of income from 0 to 15,100 15% of income from 15,100 to 61,300 25% of income from 61,300 to 123,700 28% of income from 123,700 to 188,450 33% of income from 188,450 to 336,550 35% of income over 336,550 For head of married seperate: 10% of income from 0 to 7,550 15% of income from 7,550 to 30,650 25% of income from 30,650 to 61,850 28% of income from 61,850 to 94,225 33% of income from 94,225 to 168,275 35% of income over 168,275 TX doesn't have an income tax. So the averages are zero. Property taxes are another story entirely. They are insanely high. |
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