Federal tax rates 2022

Income tax rates for individual

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15% on first $50,197 on start-up tax

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20.5% on taxable income on the next $50,195 (50,197 - $100,392 )

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At 26% taxable income on the next $55,233 (from $100,392 to $155,625)

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29% on taxable income on the next $66,083 (from 155,625 to 221,708)

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Exceeding $221,708 would be 33% of taxable income

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Federal tax rates 2022

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Federal tax rates 2022

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Income tax rates for individual

Income tax rates for individual

15% on first $50,197 on start-up tax

15% on first $50,197 on start-up tax

20.5% on taxable income on the next $50,195 (50,197 - $100,392 )

20.5% on taxable income on the next $50,195 (50,197 - $100,392 )

At 26% taxable income on the next $55,233 (from $100,392 to $155,625)

At 26% taxable income on the next $55,233 (from $100,392 to $155,625)

29% on taxable income on the next $66,083 (from 155,625 to 221,708)

29% on taxable income on the next $66,083 (from 155,625 to 221,708)

Exceeding $221,708 would be 33% of taxable income

Exceeding $221,708 would be 33% of taxable income

Federal tax rates 2022

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