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In 2024, federal income tax rates remain at 10%, 12%, 22%, 24%, 32%, 35%, and 37%. While these rates stay the same for 2025, the income thresholds for each bracket will adjust for inflation.
State individual income tax rates & brackets (2016) [5] State ... Pa. 3.07% > $0: 3.07% > $0 R.I. 3.75% > $0: ... This page was last edited on 17 December 2024, ...
Michigan – 4.25% (2016) [29] [30] (22 cities in Michigan may levy an income tax, with non-residents paying half the rate of residents) [31] North Carolina – 4.50% (2024) [32] Pennsylvania – 3.07% [33] (many municipalities in Pennsylvania assess a tax on wages: most are 1%, but can be as high as 3.75% in Philadelphia. [34]
The highest marginal tax rate for individuals for U.S. federal income tax purposes for tax years 1952 and 1953 was 92%. [100] From 1964 to 2013, the threshold for paying top income tax rate has generally been between $200,000 and $400,000 (unadjusted for inflation).
The IRS has also announced new tax brackets for the 2024 tax year, for taxes you’ll file in April 2025 — or October 2025 if you file an extension. Brackets are adjusted each year for inflation .
For tax year 2024, the top tax rate remains 37% for individual single taxpayers with incomes greater than $609,350 ($731,200 for married couples filing jointly). The other rates are:
The tax rate listed is the one that applies to income from work, ... Pennsylvania [75] [z] 3.07%: most ... 3% in 2024, and the tax was repealed in 2025. [131 ...
For 2024, tax rates are as follows for single filwers: 10% on taxable income up to $11,600. 12% on taxable income over $11,600. 22% on taxable income over $47,150.