2008 Marginal Tax Brackets

Your marginal tax bracket determines how much of the earnings from savings and investments you get to keep after taxes. Below are the four individual tax rate schedules for 2008:

Individual Tax Rate Schedules for 2008
Filing Status	Taxable Income ($)	Marginal Tax Bracket Rate (%)
Married Filing Jointly	0 to 16,050	10
	16,051 to 65,100	15
	65,101 to 131,450	25
	131,451 to 200,300	28
	200,301 to 357,700	33
	357,701 and higher	35
Head of Household	0 to 11,450	10
	11,451 to 43,650	15
	43,651 to 112,650	25
	112,651 to 182,400	28
	182,401 to 357,700	33
	357,701 and higher	35
Single	0 to 8,025	10
	8,026 to 32,550	15
	32,551 to 78,850	25
	78,851 to 164,550	28
	164,551 to 357,700	33
	357,701 and higher	35
Married Filing Separately	0 to 8,025	10
	8,026 to 32,550	15
	32,551 to 65,725	25
	65,726 to 100,150	28
	100,151 to 178,850	33
	178,851 and higher	35

Tax-Exempt and Taxable Yields Compared*
Tax-Exempt Yield (%)	Taxable Equivalent Yield (%) for Tax Rate of:
Tax-Exempt Yield (%)	15% Tax Bracket	25% Tax Bracket	28% Tax Bracket	33% Tax Bracket	35% Tax Bracket
2.0	2.35	2.66	2.77	2.98	3.08
2.5	2.94	3.33	3.47	3.73	3.85
3.0	3.53	4.00	4.17	4.48	4.62
3.5	4.18	4.66	4.86	5.22	5.38
4.0	4.71	5.33	5.55	5.97	6.15
4.5	5.29	6.00	6.25	6.71	6.92
5.0	5.88	6.66	6.94	7.46	7.69
5.5	6.47	7.33	7.63	8.20	8.46
6.0	7.06	8.00	8.33	8.95	9.23
6.5	7.65	8.66	9.02	9.70	10.00
7.0	8.24	9.33	9.72	10.44	10.77
*Federal income tax rates only. Does not include state income tax.

If you cannot find a specific rate on the chart you can compare yields by using the following formula:

Taxable equivalent yield = tax-free yield ÷ (100% - marginal tax bracket %)

Example: Assume you are in the 25% tax bracket, and have an account with a 4.5% tax-free yield. To get the equivalent taxable yield, divide 4.5% by 75% (100% - 25%). The taxable yield is 6.%.