2013 Federal Income Tax Bracket

2013 Federal Income Tax Bracket

Social Security & Medicare Tax

• Employee -- social security tax rate 6.2% on income under $113,700; medicare tax 1.45% on all income and additional 0.9% on income more than $200,000 ($250,000 married jointly).
• Employer -- social security tax rate 6.2% on income under $113,700; medicare tax 1.45% on all income.
• Self-employed -- social security tax rate 12.4% on income under $113,700; medicare tax 2.9% on all  income. 

2012 Federal Income Tax Bracket

2012 Federal Income Tax Bracket

* Qualified dividends & certain capital gain is taxed at 15%