# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Tax Table

Written By
Paul Tracy
Updated October 16, 2020

What is a Tax Table?

A tax table shows the tax due for different income ranges.

How Does a Tax Table Work?

For example, according to the IRS 2011 tax table, if John makes a salary between $76,150 and $76,200 and is single, he owes $15,169 in taxes

[Click here to see the 2011 IRS tax table.]

There are also tax tables for state taxes. Those, of course, vary by state.

Why Does a Tax Table Matter?

Tax tables are where the rubber meets the road in the tax world. Though long, they lay out the tax owed for each level of taxable income. Remember, however, that taxable income is not the same as adjusted gross income (AGI). Taxable income is the amount of income subject to tax after the taxpayer has factored in all of his or her tax credits and deductions.

Ask an Expert about Tax Table
At InvestingAnswers, all of our content is verified for accuracy by Paul Tracy and our team of certified financial experts. We pride ourselves on quality, research, and transparency, and we value your feedback. Below you'll find answers to some of the most common reader questions about Tax Table.
Be the first to ask a question

If you have a question about Tax Table, then please ask Paul.

Ask a question

Paul has been a respected figure in the financial markets for more than two decades. Prior to starting InvestingAnswers, Paul founded and managed one of the most influential investment research firms in America, with more than 2 million monthly readers.

If you have a question about Tax Table, then please ask Paul.

Ask a question Read more from Paul

Read this next

Paul Tracy - profile
Ask an Expert about Tax Table

By submitting this form you agree with our Privacy Policy

Share
close
Don't Know a Financial Term?
Search our library of 4,000+ terms