US TAX BRACKET
For 2008, the Federal tax brackets for a single (unmarried) person are:[1]
10%: from $0 to $8,025
15%: from $8,026 to $32,550
25%: from $32,551 to $78,850
28%: from $78,851 to $164,550
33%: from $164,551 to $357,700
35%: $357,701 and above
This applies only to amounts above $8,950 (standard deduction of $5,450 plus the one personal exemption of $3,500) for an individual. For example, a single individual would actually pay:
0% of the first $8,950 of income,
10% of the income between $8,951 and $16,975,
15% of the income between $16,976 and $41,500,
25% of the income between $41,501 and $87,800,
28% of the income between $87,801 and $173,500,
33% of the income between $173,501 and $366,650,
35% of the income exceeding $366,650.
SOUTH CAROLINA TAX BRACKET
If your income range is between $0 and $2,460, your tax rate on every dollar of income earned is 2.5%
If your income range is between $2,461 and $4,920, your tax rate on every dollar of income earned is 3%.
If your income range is between $4,921 and $7,380, your tax rate on every dollar of income earned is 4%.
If your income range is between $7,381 and $9,840, your tax rate on every dollar of income earned is 5%.
If your income range is between $9,841 and $12,300, your tax rate on every dollar of income earned is 6%.
If your income range is $12,301 and over, your tax rate on every dollar of income earned is 7%.
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