2007 TAX TABLES

Below is the 2007 IRS Tax Table. According to the 2007 IRS Tax Table, tax rates progressively increase as income increases. The tax rates apply only to the income in each tax bracket range. Also, the tax rates apply only to taxable income. Various adjustments and deductions, including the standard deduction and personal exemptions, all lower your taxable income. Taxable income is almost always less than your total income. Capital gains are may taxed at different tax rates and are calculated separately. To accurately compute your actual income tax, please see the 2008 instructions for Form 1040, 1040A, or 1040EZ as appropriate.