What was the tax rate in 2007?
In 2007, the overall average federal tax rate was 20.4 percent (see Table 1). Individual income taxes, the largest component, were 9.3 percent of household income.
What were the tax brackets in 2006?
Tax Brackets? 2006 Taxable Income
| Joint return | Single taxpayer | Rate |
|---|---|---|
| $0?$15,100 | $0?$7,500 | 10.0% |
| 15,100?61,300 | 7,500?30,650 | 15.0 |
| 61,300?123,700 | 30,650?74,200 | 25.0 |
| 123,700?188,450 | 74,200?154,800 | 28.0 |
What was the corporate tax rate in 2007?
From April 1, 1954, through Calendar Year 1969, the maximum tax rate on capital gains was 25 percent….Historical U.S. Federal Corporate Income Tax Rates & Brackets, 1909-2020.
| Year | Collections [nominal] (millions) | Collections as a % of GDP (Percentge) |
|---|---|---|
| 2010 | 191,437 | 1.3 |
| 2009 | 138,229 | 1.0 |
| 2008 | 304,346 | 2.1 |
| 2007 | 370,243 | 2.6 |
What was capital gains tax in 2007?
Capital gains are regarded as the top slice of savings income. Rates of 10%, 20% and 40% will therefore apply to gains taxed on individuals, as appropriate. Capital gains of all trusts are taxed at the special trust rate of 40%….Taper Relief.
| Business Assets | |
|---|---|
| No of complete years held | % of gain chargeable |
| 2 or more | 25 |
What was the top tax rate in 1958?
91 percent
In 1958, for example, there were 24 brackets (versus 6 today) and the top rate was 91 percent (versus 35 percent today). The impact of more brackets and higher rates on taxpayers and revenues depends on how much taxable income falls in each of the tax rate brackets.
What is the highest tax rate in Ireland?
Higher rate of tax Any income above your standard rate band is taxed at the higher rate of Income Tax, which is currently 40%.
What was the tax rate in 2008?
18.0 percent
The overall average federal tax rates of 18.0 percent in 2008 and 17.4 percent in 2009 were the lowest in the 1979–2009 period and were well below the previous low of 19.4 percent in 2003 and the average of 21.0 percent over that period.
What were the tax brackets in 2005?
Federal – 2005 Single Tax Brackets
| Tax Bracket | Tax Rate |
|---|---|
| $0.00+ | 10% |
| $7,300.00+ | 15% |
| $29,700.00+ | 25% |
| $71,950.00+ | 28% |
What was the tax rate in 2007 UK?
* The Small companies rate rises from 19% to 20% in April 2007, but then to 21% in April 2008 and 22% in April 2009….Corporation Tax Rates.
| Band | Corporation tax profits 2006-07 ( ) | Corporation tax profits 2007-08 ( ) |
|---|---|---|
| 0 – 300,000 | 19% | * 20% |
| 300,001 – 1,500,000 | Marginal relief | Marginal relief |
| 1,500,001 or more | 30% | 30% |
What are the tax rates in the Republic of Ireland?
Rates of income tax Rate Taxable earned income Category 20% 0–€35,300 individuals without dependent children 20% 0–€39,300 single or widowed persons qualifying for 20% 0–€44,300 married couples 40% earned income remainder all categories
What are the income tax brackets in Ireland?
Irish income tax brackets (2018) Rate Taxable earned income Category 20% 0–€34,550 individuals without dependent children 20% 0–€38,550 single or widowed persons qualifying for 20% 0–€43,550 married couples 40% earned income remainder all categories
What kind of tax do you pay on profits in Ireland?
Corporation tax is charged on the profits of companies which includes both normal income and chargeable gains. Certain expenses such as interest repayments can be offset against profits. The current rate of corporation tax in Ireland ranges from 10% to 25%, depending on the nature of the business.
What are the tax rates for cars after July 1, 2008?
The rates of tax for cars registered after July 1, 2008 is based on the emissions of the engine. Before that date, cars pay tax based on the size of the engine. For all payments: the half-year payment is 55.5% of the annual rate. the quarterly payment is 28.25% of the annual rate. the monthly cost is 10% of the annual rate.